Sibanye Stillwater (NYSE:SBSW) Stock Rating Lowered by HSBC

by · The Markets Daily

Sibanye Stillwater (NYSE:SBSW – Get Free Report) was downgraded by research analysts at HSBC from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Briefing.com reports.

Several other research firms have also commented on SBSW. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. BMO Capital Markets cut their price objective 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 research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.17.

View Our Latest Report on SBSW

Sibanye Stillwater Stock Performance

Sibanye Stillwater stock opened at $4.64 on Monday. 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 company’s 50-day moving average price is $4.24 and its two-hundred day moving average price is $4.52. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93.

Hedge Funds Weigh In On Sibanye Stillwater

Several hedge funds have recently bought and sold shares of SBSW. Marshall Wace LLP boosted its stake in shares of Sibanye Stillwater by 3,256.8% during the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock worth $23,121,000 after acquiring an additional 5,156,931 shares in the last quarter. Millennium Management LLC lifted its holdings in Sibanye Stillwater by 65.1% in the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock worth $5,809,000 after purchasing an additional 526,724 shares during the last quarter. Lingotto Investment Management LLP boosted its position in Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock worth $99,186,000 after purchasing an additional 416,399 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Sibanye Stillwater by 53.2% during the second quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock valued at $4,385,000 after purchasing an additional 349,835 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Sibanye Stillwater by 685.5% in the second quarter. Headlands Technologies LLC now owns 375,660 shares of the company’s stock valued at $1,634,000 after purchasing an additional 327,837 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Stillwater Company Profile

(Get Free Report)

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.

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