Sibanye Stillwater (NYSE:SBSW) Stock Price Up 7.8% – Here’s Why

Shares of Sibanye Stillwater Limited (NYSE:SBSW) were up 7.8% during trading on Tuesday . The stock traded as high as $5.09 and last traded at $5.22. Approximately 1,365,325 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 7,172,941 shares. The stock had previously closed at $4.84.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sibanye Stillwater has an average rating of “Hold” and a consensus target price of $5.05.

Sibanye Stillwater Stock Up 14.2%

The company has a market cap of $3.91 billion, a P/E ratio of 10.61 and a beta of 0.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The business’s 50 day moving average price is $4.44 and its 200-day moving average price is $4.03.

Hedge Funds Weigh In On Sibanye Stillwater

Several institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Sibanye Stillwater in the fourth quarter valued at $25,000. Ameriprise Financial Inc. acquired a new stake in Sibanye Stillwater in the 4th quarter valued at about $35,000. Peapack Gladstone Financial Corp bought a new position in shares of Sibanye Stillwater in the fourth quarter worth about $41,000. Rhumbline Advisers lifted its position in shares of Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after purchasing an additional 3,120 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Sibanye Stillwater by 590.8% during the first quarter. GAMMA Investing LLC now owns 9,091 shares of the company’s stock valued at $42,000 after purchasing an additional 7,775 shares during the last quarter. 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.