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Sibanye Stillwater (NYSE:SBSW) Shares Gap Down to $8.86

Defense World · Sep 25, 2022 03:31

Sibanye Stillwater Limited (NYSE:SBSW – Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $8.86, but opened at $8.27. Sibanye Stillwater shares last traded at $8.18, with a volume of 60,077 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on SBSW. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sibanye Stillwater from $13.70 to $13.00 and set a "buy" rating on the stock in a research note on Friday, August 26th. Royal Bank of Canada lowered shares of Sibanye Stillwater from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $25.00 to $13.00 in a research note on Wednesday, June 1st. Investec lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Thursday, July 7th. HSBC raised shares of Sibanye Stillwater from a "hold" rating to a "buy" rating in a report on Wednesday, August 24th. Finally, BMO Capital Markets decreased their price objective on shares of Sibanye Stillwater from $18.00 to $15.00 and set an "outperform" rating for the company in a report on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Sibanye Stillwater has a consensus rating of "Moderate Buy" and a consensus price target of $15.23.

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Sibanye Stillwater Stock Down 7.7 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.93 and a current ratio of 3.37. The company's fifty day moving average is $9.48 and its 200-day moving average is $12.08.

Sibanye Stillwater Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 16th will be issued a dividend of $0.3246 per share. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, September 15th.

Institutional Trading of Sibanye Stillwater

A number of hedge funds have recently bought and sold shares of SBSW. Goldman Sachs Group Inc. boosted its holdings in Sibanye Stillwater by 71.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company's stock valued at $39,658,000 after purchasing an additional 1,662,361 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Sibanye Stillwater by 71.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,084,142 shares of the company's stock valued at $33,826,000 after purchasing an additional 866,039 shares during the period. AQR Capital Management LLC boosted its holdings in Sibanye Stillwater by 15.0% in the 2nd quarter. AQR Capital Management LLC now owns 4,708,636 shares of the company's stock valued at $46,945,000 after purchasing an additional 614,611 shares during the period. Invesco Ltd. boosted its holdings in Sibanye Stillwater by 53.2% in the 1st quarter. Invesco Ltd. now owns 1,591,259 shares of the company's stock valued at $25,827,000 after purchasing an additional 552,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Sibanye Stillwater by 19.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,167,466 shares of the company's stock valued at $51,441,000 after purchasing an additional 512,967 shares during the period. 6.60% of the stock is owned by institutional investors.

Sibanye Stillwater Company Profile

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Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.