Sibanye Stillwater (NYSE:SBSW) Cut to Hold at Hsbc Global Res

Hsbc Global Res downgraded shares of Sibanye Stillwater (NYSE:SBSW) from a strong-buy rating to a hold rating in a research note published on Monday morning, Zacks.com reports.

SBSW has been the topic of a number of other research reports. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a research note on Monday. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets dropped their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Stock Performance

Sibanye Stillwater stock traded up $0.21 on Monday, reaching $4.88. The company’s stock had a trading volume of 1,719,601 shares, compared to its average volume of 6,110,107. 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 fifty day moving average price is $4.25 and its 200 day moving average price is $4.51. Sibanye Stillwater has a twelve month low of $3.08 and a twelve month high of $5.93.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV raised its position in shares of Sibanye Stillwater by 40.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after purchasing an additional 2,200 shares during the period. Blue Trust Inc. raised its position in shares of Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after purchasing an additional 8,885 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Sibanye Stillwater during the third quarter worth about $46,000. Signaturefd LLC raised its position in shares of 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 purchasing an additional 2,241 shares during the period. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of Sibanye Stillwater during the second quarter worth about $64,000. 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.