Sibanye Stillwater (NYSE:SBSW) Lowered to Hold Rating by Hsbc Global Res

Sibanye Stillwater (NYSE:SBSW) was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

Other research analysts also recently issued reports about the stock. HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research report on Monday. BMO Capital Markets dropped their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Friday, September 13th. Finally, Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Stock Down 3.9 %

Shares of NYSE SBSW opened at $4.67 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater has a 1 year low of $3.08 and a 1 year high of $5.93. The business has a 50-day moving average of $4.25 and a two-hundred day moving average of $4.51.

Institutional Trading of Sibanye Stillwater

Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. Creative Financial Designs Inc. ADV lifted its position in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after purchasing an additional 2,200 shares during the period. Signaturefd LLC grew its holdings in Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after acquiring an additional 2,241 shares during the period. Fermata Advisors LLC raised its position in Sibanye Stillwater by 13.2% in the third quarter. Fermata Advisors LLC now owns 22,968 shares of the company’s stock worth $94,000 after acquiring an additional 2,674 shares in the last quarter. BCGM Wealth Management LLC lifted its holdings in Sibanye Stillwater by 2.3% in the first quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company’s stock valued at $1,730,000 after acquiring an additional 8,246 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Sibanye Stillwater by 130.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company’s stock worth $69,000 after purchasing an additional 8,607 shares during the period. 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.