Sibanye Stillwater (NYSE:SBSW) Shares Gap Down – Time to Sell?

Sibanye Stillwater Limited (NYSE:SBSW) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.90, but opened at $4.71. Sibanye Stillwater shares last traded at $4.95, with a volume of 2,947,526 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $4.70 to $5.30 in a report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus target price of $5.05.

Sibanye Stillwater Stock Up 2.3 %

The firm has a market cap of $3.55 billion, a P/E ratio of 9.64 and a beta of 1.08. The firm’s fifty day moving average is $3.93 and its 200 day moving average is $3.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Institutional Investors Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently modified their holdings of SBSW. Goehring & Rozencwajg Associates LLC bought a new position in Sibanye Stillwater during the 4th quarter worth $9,446,000. Trek Financial LLC acquired a new position in shares of Sibanye Stillwater in the fourth quarter worth approximately $2,803,000. Lingotto Investment Management LLP increased its position in shares of Sibanye Stillwater by 1.0% during the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock worth $91,733,000 after buying an additional 286,195 shares during the period. CenterBook Partners LP acquired a new position in Sibanye Stillwater in the fourth quarter valued at $903,000. Finally, ABC Arbitrage SA bought a new stake in Sibanye Stillwater during the fourth quarter valued at $1,332,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Stillwater Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.