Sibanye Stillwater (NYSE:SBSW) Given New $4.25 Price Target at Royal Bank of Canada

Sibanye Stillwater (NYSE:SBSW) had its price target dropped by equities researchers at Royal Bank of Canada from $6.00 to $4.25 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 8.56% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on SBSW. HSBC cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a research note on Monday, November 4th. Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Sibanye Stillwater has an average rating of “Hold” and an average price target of $4.79.

Sibanye Stillwater Stock Performance

SBSW stock traded down $0.07 on Thursday, reaching $3.92. The company’s stock had a trading volume of 5,411,273 shares, compared to its average volume of 6,481,568. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The firm has a fifty day moving average of $3.69 and a two-hundred day moving average of $4.05.

Institutional Trading of Sibanye Stillwater

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BCGM Wealth Management LLC lifted its position in shares of Sibanye Stillwater by 60.3% during the 3rd quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company’s stock valued at $2,549,000 after acquiring an additional 233,217 shares during the last quarter. Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Sibanye Stillwater during the fourth quarter valued at $9,446,000. Barclays PLC acquired a new position in shares of Sibanye Stillwater in the 3rd quarter valued at $329,000. Anthracite Investment Company Inc. increased its stake in Sibanye Stillwater by 114.3% in the 3rd quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock worth $2,788,000 after purchasing an additional 361,685 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after buying an additional 699,900 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

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.