Sibanye Stillwater (NYSE:SBSW) Shares Gap Down to $4.55

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.55, but opened at $4.42. Sibanye Stillwater shares last traded at $4.36, with a volume of 396,289 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.67.

Sibanye Stillwater Stock Down 6.2 %

The stock has a 50-day moving average price of $4.44 and a two-hundred day moving average price of $4.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97.

Institutional Investors Weigh In On Sibanye Stillwater

Several institutional investors have recently added to or reduced their stakes in SBSW. Scarborough Advisors LLC acquired a new position in shares of Sibanye Stillwater during the fourth quarter valued at about $28,000. GAMMA Investing LLC acquired a new position in Sibanye Stillwater during the 4th quarter valued at approximately $30,000. Vanguard Capital Wealth Advisors purchased a new position in shares of Sibanye Stillwater in the first quarter worth $50,000. Fermata Advisors LLC acquired a new stake in shares of Sibanye Stillwater during the first quarter worth $52,000. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of Sibanye Stillwater during the fourth quarter worth $56,000. 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.