Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – What’s Next?

Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened 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 traded.

Wall Street Analysts Forecast Growth

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

Sibanye Stillwater Stock Up 7.5 %

The stock has a 50 day simple moving average of $4.33 and a two-hundred day simple moving average of $4.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Institutional Investors Weigh In On Sibanye Stillwater

A number of hedge funds have recently modified their holdings of the business. Marshall Wace LLP increased its position in shares of Sibanye Stillwater by 3,256.8% during the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock valued at $23,121,000 after acquiring an additional 5,156,931 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Sibanye Stillwater by 30.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after buying an additional 699,900 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Sibanye Stillwater during the 3rd quarter worth $2,367,000. Millennium Management LLC boosted its stake in Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after acquiring an additional 526,724 shares in the last quarter. Finally, Lingotto Investment Management LLP grew its holdings in shares of Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock worth $99,186,000 after purchasing an additional 416,399 shares during the last quarter. 34.93% of the stock is currently 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.