Sibanye Stillwater (NYSE:SBSW – Get Rating) was upgraded by stock analysts at Investec from a "hold" rating to a "buy" rating in a report released on Friday, The Fly reports.
A number of other research analysts have also weighed in on SBSW. Deutsche Bank Aktiengesellschaft decreased their target price 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. BMO Capital Markets cut their target price on Sibanye Stillwater from $18.00 to $15.00 and set an "outperform" rating for the company in a research note on Monday, August 15th. Finally, HSBC raised shares of Sibanye Stillwater from a "hold" rating to a "buy" rating in a research report on Wednesday, August 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.23.
Get Sibanye Stillwater alerts:Sibanye Stillwater Price Performance
Shares of NYSE SBSW opened at $9.24 on Friday. The firm has a 50-day simple moving average of $9.44 and a 200-day simple moving average of $11.87. The company has a current ratio of 3.37, a quick ratio of 1.93 and a debt-to-equity ratio of 0.24. Sibanye Stillwater has a 52 week low of $8.00 and a 52 week high of $20.64.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position 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 acquiring an additional 614,611 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Sibanye Stillwater by 71.8% in the second 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 in the last quarter. Sprott Inc. increased its stake in Sibanye Stillwater by 5.7% during the 1st quarter. Sprott Inc. now owns 3,357,222 shares of the company's stock worth $54,488,000 after buying an additional 181,028 shares during the period. Dimensional Fund Advisors LP boosted its position 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 buying an additional 512,967 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Sibanye Stillwater by 71.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,084,142 shares of the company's stock worth $33,826,000 after acquiring an additional 866,039 shares in the last quarter. 6.60% of the stock is currently owned by institutional investors and hedge funds.About Sibanye Stillwater
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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.
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