SBSW Stock Forecast 2024: Sibanye Stillwater Limited ADR Remains Weak With A Upside Of 37.53%

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In the last trading session, 13.3 million shares of the Sibanye Stillwater Limited ADR (NYSE:SBSW) were traded, and its beta was 1.66. Most recently the company’s share price was $4.93, and it changed around -$0.03 or -0.60% from the last close, which brings the market valuation of the company to $3.49B. SBSW currently trades at a discount to its 52-week high of $5.93, offering almost -20.28% off that amount. The share price’s 52-week low was $3.08, which indicates that the current value has risen by an impressive 37.53% since then. We note from Sibanye Stillwater Limited ADR’s average daily trading volume that its 10-day average is 8.79 million shares, with the 3-month average coming to 6.16 million.

Sibanye Stillwater Limited ADR stock received a consensus recommendation rating of Hold, based on a mean score of 3.50. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended SBSW as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Sibanye Stillwater Limited ADR is expected to report earnings per share of 0 for the current quarter.

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Sibanye Stillwater Limited ADR (NYSE:SBSW) trade information

Instantly SBSW has showed a red trend with a performance of -0.60% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.13 on recent trading dayincreased the stock’s daily price by 3.9%. The company’s shares are currently down -9.21% year-to-date, but still up 11.04% over the last five days. On the other hand, Sibanye Stillwater Limited ADR (NYSE:SBSW) is 9.31% up in the 30-day period. We can see from the shorts that 15.02 million shares have been sold at a short interest cover period of 2.07 day(s).

The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 50.7% from its current value. Analyst projections state that SBSW is forecast to be at a low of $4.5 and a high of $19.9.

Sibanye Stillwater Limited ADR (SBSW) estimates and forecasts

Sibanye Stillwater Limited ADR share prices are performing particularly well not compared to other companies within the same industry. The year-over-year growth rate is expected to be -27.50%, down from the previous year.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -54.04%.

SBSW Dividends

Sibanye Stillwater Limited ADR’s next quarterly earnings report is expected to be released in November.

Sibanye Stillwater Limited ADR (NYSE:SBSW)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.00% of Sibanye Stillwater Limited ADR shares, and 14.74% of them are in the hands of institutional investors. The stock currently has a share float of 14.74%. Sibanye Stillwater Limited ADR stock is held by 252.0 institutions, with EXOR CAPITAL LLP being the largest institutional investor. By 2024-06-30, it held 0.8055% of the shares, which is about 22.8 million shares worth $99.19 million.

MORGAN STANLEY, with 0.3406% or 9.64 million shares worth $41.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.