Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Here’s Why

Sibanye Stillwater Limited (NYSE:SBSW) gapped up prior to trading on Monday . The stock had previously closed at $3.98, but opened at $4.19. Sibanye Stillwater shares last traded at $4.20, with a volume of 1,183,289 shares.

Wall Street Analyst Weigh In

A number of research analysts have commented on SBSW shares. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. BMO Capital Markets decreased their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday, September 13th. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target for the company. in a research note on Monday, November 4th. Finally, Hsbc Global Res downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater currently has an average rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Stock Performance

The company has a 50 day moving average of $4.37 and a two-hundred day moving average of $4.47. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in Sibanye Stillwater during the 3rd quarter valued at about $329,000. O Brien Greene & Co. Inc purchased a new stake in shares of Sibanye Stillwater in the 3rd quarter worth $189,000. XTX Topco Ltd increased its position in Sibanye Stillwater by 5.6% in the third quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock worth $418,000 after buying an additional 5,428 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after purchasing an additional 699,900 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Sibanye Stillwater during the third quarter valued at about $2,367,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.