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

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.48, but opened at $4.28. Sibanye Stillwater shares last traded at $4.34, with a volume of 1,830,387 shares.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $4.70 to $5.30 in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.05.

Sibanye Stillwater Price Performance

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 firm has a market cap of $3.05 billion, a PE ratio of 8.32 and a beta of 1.59. The stock has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $3.96.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC increased its stake in Sibanye Stillwater by 6.7% in the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after buying an additional 3,045 shares in the last quarter. Aire Advisors LLC increased its stake in Sibanye Stillwater by 5.3% in the 4th quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock worth $201,000 after buying an additional 3,060 shares in the last quarter. Rhumbline Advisers increased its stake in Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after buying an additional 3,120 shares in the last quarter. Banco Santander S.A. increased its stake in Sibanye Stillwater by 16.9% in the 4th quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock worth $99,000 after buying an additional 4,344 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in Sibanye Stillwater by 32.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock worth $65,000 after buying an additional 4,768 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.