Stick With Sibanye Stillwater Limited (SBSW). The Bull Are Alive And Well


    Van Eck Associates Corp. recently announced the acquisition of new stake in Sibanye Stillwater Limited (NYSE:SBSW). The institutional investor has increased its shareholding in the Basic Materials company by 0.93% to 27.69 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 4.14% valued currently at $311.2 million. In addition, Invesco Advisers, Inc. raised its holdings by 1.49 million to 4.34 million shares. And BlackRock Advisors (UK) Ltd. has lifted its position by 9.90% or 0.38 million shares – to 4.24 million shares.

    With over 2.13 million Sibanye Stillwater Limited (SBSW) shares trading Tuesday and a closing price of $12.44 on the day, the dollar volume was approximately $26.49 million. The shares have shown a positive weekly performance of 6.60% and its price on 09/01/20 gained nearly 1.06%. Currently, there are 668.40M common shares owned by the public and among those 168.37M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for SBSW have a consensus price objective of $14.25. The analysts have set the share’s price value over the next 12 months at a high of $20.07 and a low of $6.73 should the stock experience a downside. Incidentally, analysts’ outlook for the Sibanye Stillwater Limited stock is 1.60 for the next 12 months. The average price target is 11.84% above its last price level and an upside to the estimated low will see the stock lose -84.84% over that period. But an upside of 38.02% will see the stock hit the forecast high price target while mean target price for the stock is $13.88.

    The top 3 mutual fund holders in Sibanye Stillwater Limited are VanEck Vectors – Junior Gold Mine, iShares V Plc – Gold Producers UC, and Invesco Oppenheimer Gold & Specia. VanEck Vectors – Junior Gold Mine owns 23.85 million shares of the company’s stock, all valued at over $268.03 million. The company bought an additional 0.31 million shares recently to bring their total holdings to about 3.56% of the shares outstanding. iShares V Plc – Gold Producers UC bought 3028.0 shares to see its total holdings expand to 4.6 million shares valued at over $51.74 million and representing 0.69% of the shares outstanding. Invesco Oppenheimer Gold & Specia bought 60000.0 shares to bring its total holdings to over 2.85 million shares at a value of $32.03 million. Invesco Oppenheimer Gold & Specia now owns shares totaling to 0.43% of the shares outstanding.

    Shares of Sibanye Stillwater Limited (NYSE: SBSW) opened at $12.70, up $0.39 from a prior closing price of $12.31. However, the script later closed the day at $12.44, up 1.06%. The company’s stock has a 5-day price change of 6.60% and 58.27% over the past three months. SBSW shares are trading 25.28% year to date (YTD), with the 12-month market performance up to 132.52% higher. It has a 12-month low price of $3.50 and touched a high of $13.27 over the same period. Currently, 2.13 million shares have been traded, compared to an average intraday trading volume of 2.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.09%, 16.27%, and 39.35% respectively.

    Institutional ownership of Sibanye Stillwater Limited (NYSE: SBSW) shares accounts for 15.00% of the company’s 668.40M shares outstanding. Mutual fund holders own 6.45%, while other institutional holders and individual stakeholders account for 7.90% and — respectively.

    It has a market capitalization of $8.03B and a beta (3y monthly) value of 1.67. The stock’s trailing 12-month PE ratio is 15.34, while the earnings-per-share (ttm) stands at $0.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.09% over the week and 4.41% over the month.

    Analysts forecast that Sibanye Stillwater Limited (SBSW) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 102.20%, and 63.48% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Sibanye Stillwater Limited (SBSW) as a “Strong Buy” at a consensus score of 1.60. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 1 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”


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