Sibanye Stillwater Limited (NYSE:SBSW) Receives Consensus Recommendation of “Reduce” from Brokerages

Sibanye Stillwater Limited (NYSE:SBSW) has received an average recommendation of “Reduce” from the six analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.67.

Several equities research analysts have weighed in on SBSW shares. Jefferies Financial Group cut shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. lowered their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Scarborough Advisors LLC bought a new position in Sibanye Stillwater during the 4th quarter worth approximately $28,000. GAMMA Investing LLC bought a new position in Sibanye Stillwater during the 4th quarter worth about $30,000. Gunderson Capital Management Inc. acquired a new stake in shares of Sibanye Stillwater in the 4th quarter valued at about $54,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Sibanye Stillwater in the 4th quarter valued at about $56,000. Finally, Vanguard Capital Wealth Advisors acquired a new stake in shares of Sibanye Stillwater in the 1st quarter valued at about $50,000. Institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Trading Down 0.8 %

Shares of Sibanye Stillwater stock opened at $4.80 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $4.82 and a 200 day simple moving average of $4.80. Sibanye Stillwater has a 12-month low of $3.85 and a 12-month high of $7.78.

About Sibanye Stillwater

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.