Shares of Sibanye Stillwater Limited (NYSE: SBSW – Get Rating) have received an average rating of “Buy” from the six rating agencies that currently cover the company, Marketbeat.com reports. Two analysts rated the stock with a hold rating and four gave the company a buy rating. The 1-year average target price among brokers who updated their coverage on the stock in the past year is $19.73.
A number of equity research analysts have published reports on SBSW shares. Royal Bank of Canada downgraded shares of Sibanye Stillwater from an “outperforming” rating to an “sector outperforming” rating and lowered its price target for the stock from $25.00 to $13.00 in a report released Wednesday. Citigroup assumed coverage for Sibanye Stillwater shares in a Wednesday, April 6 research report. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Sibanye Stillwater from a “strong buy” rating to a “hold” rating in a Thursday, April 28 research report. Goldman Sachs Group assumed coverage of Sibanye Stillwater shares in a Monday, May 9 research report. They issued a “buy” rating and a target price of $19.90 for the company. Finally, BMO Capital Markets raised its price target on Sibanye Stillwater shares from $22.00 to $25.00 and gave the stock an “outperform” rating in a Monday, March 7 research report.
Shares of Sibanye Stillwater opened at $13.03 on Friday. Sibanye Stillwater has a 12 month low of $10.51 and a 12 month high of $20.64. The company has a debt ratio of 0.25, a current ratio of 3.16 and a quick ratio of 1.94. The company’s fifty-day simple moving average is $14.20 and its two-hundred-day simple moving average is $14.66.
The company also recently announced a semi-annual dividend, which was paid on Thursday, April 7. Shareholders of record on Friday, March 25 received a dividend of $0.4936. The ex-dividend date was Thursday, March 24. This represents a return of 7.1%.
A number of institutional investors have recently changed their holdings in SBSW. Sprott Inc. increased its stake in shares of Sibanye Stillwater by 5.7% in the first quarter. Sprott Inc. now owns 3,357,222 shares of the company worth $54,488,000 after acquiring an additional 181,028 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Sibanye Stillwater by 19.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,167,466 shares of the company worth $51,441,000 after acquiring an additional 512,967 shares during the period. Invesco Ltd. increased its stake in shares of Sibanye Stillwater by 7.2% in the third quarter. Invesco Ltd. now owns 2,501,274 shares of the company worth $30,866,000 after acquiring an additional 168,131 shares during the period. Arrowstreet Capital Limited Partnership increased 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 worth $33,826,000 after acquiring an additional 866,039 shares during the period. Finally, Morgan Stanley increased its position in Sibanye Stillwater by 130.2% during the second quarter. Morgan Stanley now owns 1,363,904 shares of the company valued at $22,818,000 after purchasing an additional 771,289 shares during the period. 6.27% of the shares are held by institutional investors and hedge funds.
About Sibanye Stillwater (Get a rating)
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 chromium.
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