Sibanye Stillwater (NYSE:SBSW) Shares Gap Down - Should You Sell?
Sibanye Stillwater (NYSE:SBSW) shares gapped down from $4.15 to $3.72 before trading on Friday, closing at $3.59 with a trading volume of over 2 million shares. Royal Bank of Canada upgraded the stock from "sector perform" to "outperform," raising the target price from $4.70 to $5.30. Analysts maintain a consensus rating of "Hold" with an average target price of $5.05. The company has a market cap of $2.48 billion and a P/E ratio of 6.72. Institutional investors hold 34.93% of the stock.
Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $4.15, but opened at $3.72. Sibanye Stillwater shares last traded at $3.59, with a volume of 2,131,319 shares traded.
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Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Sibanye Stillwater has a consensus rating of "Hold" and an average target price of $5.05.
Read Our Latest Stock Analysis on SBSW
Sibanye Stillwater Price Performance
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The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The business's fifty day moving average price is $3.90 and its 200-day moving average price is $4.02. The company has a market capitalization of $2.48 billion, a P/E ratio of 6.72 and a beta of 1.08.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in SBSW. Comprehensive Money Management Services LLC purchased a new stake in Sibanye Stillwater during the 4th quarter valued at $126,000. Total Wealth Planning & Management Inc. bought a new position in Sibanye Stillwater during the 4th quarter valued at approximately $67,000. Vident Advisory LLC lifted its holdings in Sibanye Stillwater by 24.1% in the 4th quarter. Vident Advisory LLC now owns 217,422 shares of the company's stock worth $717,000 after buying an additional 42,219 shares during the period. Two Sigma Advisers LP grew its position in shares of Sibanye Stillwater by 13.4% in the 4th quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company's stock worth $11,138,000 after buying an additional 400,100 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $280,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
Sibanye Stillwater Company Profile
(Get Free Report)- The Top 3 Metals and Mining Stocks to Buy Now
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.
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