Sibanye Stillwater Limited Announces Semi-Annual Dividend of $0.32 (NYSE: SBSW)

Sibanye Stillwater Limited (NYSE:SBSW – Get Rating) declared a semi-annual dividend on Wednesday, August 31, The Wall Street Journal reports. Shareholders of record on Friday, September 16 will receive a dividend of 0.3246 per share on Thursday, September 29. This represents a dividend yield of 7.4%. The ex-dividend date is Thursday, September 15.

Sibanye Stillwater has a dividend payout ratio of 37.0%, meaning its dividend is sufficiently covered by earnings. Equity research analysts expect Sibanye Stillwater to earn $2.96 per share next year, meaning the company should continue to be able to cover its $1.02 annual dividend. with an expected future payout ratio of 34.5%.

Sibanye Stillwater share performance

SBSW stock fell $0.07 on Wednesday, hitting $8.98. The company’s shares had a trading volume of 2,797,243 shares, compared to its average trading volume of 4,115,907. Sibanye Stillwater has a 52-week low of $8.67 and a 52-week high of 20.64 $. The company has a fifty-day moving average of $9.85 and a two-hundred-day moving average of $13.19. The company has a debt ratio of 0.24, a quick ratio of 1.93 and a current ratio of 3.37.

Wall Street analysts predict growth

SBSW has been the subject of a number of research analyst reports. Royal Bank of Canada downgraded Sibanye Stillwater from an “outperform” rating to an “sector performer” rating and cut its target price for the stock from $25.00 to $13.00 in a report of research from Wednesday, June 1st. The Goldman Sachs Group launched coverage on Sibanye Stillwater in a research report on Monday, May 9. They issued a “buy” rating and a target price of $19.90 for the company. Deutsche Bank Aktiengesellschaft lowered its price target on Sibanye Stillwater from $13.70 to $13.00 and set a “buy” rating for the company in a Friday, August 26 research report. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a Thursday, July 7 research report. Finally, BMO Capital Markets reduced its price target on Sibanye Stillwater from $18.00 to $15.00 and set an “outperform” rating for the company in a Monday, August 15 research report. Two equity research analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “moderate buy” and an average target price of $15.23.

Institutional entries and exits

Several institutional investors have recently bought and sold shares of SBSW. Goldman Sachs Group Inc. increased its position in Sibanye Stillwater shares by 71.8% during the second quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company valued at $39,658,000 after acquiring 1,662,361 additional shares in the last quarter. Atlas Capital Advisors LLC increased its position in Sibanye Stillwater shares by 5,405.2% during the 2nd quarter. Atlas Capital Advisors LLC now owns 13,763 shares of the company valued at $137,000 after acquiring 13,513 additional shares in the last quarter. State Street Corp increased its position in Sibanye Stillwater shares by 25.5% during the second quarter. State Street Corp now owns 47,162 shares of the company valued at $470,000 after acquiring 9,596 additional shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Sibanye Stillwater during Q2 at a value of $137,000. Finally, Quantbot Technologies LP purchased a new equity stake in Sibanye Stillwater during Q2 for $123,000. Institutional investors hold 6.60% of the company’s shares.

Sibanye Stillwater Company Profile

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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.

See also

Sibanye Stillwater (NYSE:SBSW) Dividend History

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