Sibanye Stillwater Limited (NYSE:SBSW) Receives $5.67 Consensus Price Target from Analysts

Sibanye Stillwater Limited (NYSE:SBSW) has been assigned a consensus rating of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.67.

Separately, JPMorgan Chase & Co. decreased their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd.

Sibanye Stillwater Stock Performance

SBSW opened at $4.40 on Friday. Sibanye Stillwater has a 12 month low of $3.85 and a 12 month high of $7.03. The business has a 50-day moving average of $4.63 and a two-hundred day moving average of $4.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.70.

Institutional Investors Weigh In On Sibanye Stillwater

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in shares of Sibanye Stillwater during the fourth quarter valued at about $28,000. GAMMA Investing LLC purchased a new stake in Sibanye Stillwater during the 4th quarter worth approximately $30,000. Peapack Gladstone Financial Corp acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at approximately $56,000. Vanguard Capital Wealth Advisors purchased a new position in shares of Sibanye Stillwater during the 1st quarter valued at approximately $50,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Sibanye Stillwater by 832.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,956 shares of the company’s stock worth $59,000 after buying an additional 9,781 shares in the last quarter. Hedge funds and other institutional investors 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.