Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened on Tuesday . The stock had previously closed at $3.75, but opened at $3.92. Sibanye Stillwater shares last traded at $4.06, with a volume of 1,475,731 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their target price on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus target price of $4.79.

Sibanye Stillwater Trading Down 3.6 %

The stock has a market cap of $2.76 billion, a P/E ratio of 7.49 and a beta of 1.59. The firm’s 50 day simple moving average is $3.65 and its two-hundred day simple moving average is $3.96. 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 Investors Weigh In On Sibanye Stillwater

Several institutional investors and hedge funds have recently bought and sold shares of the business. Comprehensive Money Management Services LLC bought a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $126,000. Total Wealth Planning & Management Inc. bought a new position in Sibanye Stillwater during the 4th quarter worth $67,000. Vident Advisory LLC increased its position in Sibanye Stillwater by 24.1% in the fourth 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 lifted its stake in Sibanye Stillwater by 13.4% in the fourth quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company’s stock valued at $11,138,000 after buying an additional 400,100 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Sibanye Stillwater during the fourth quarter valued at $280,000. Institutional investors and hedge funds 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.