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

(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.

See also

Sibanye Stillwater (NYSE:SBSW) Dividend History

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Sibanye Stillwater, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Sibanye Stillwater didn’t make the list.

While Sibanye Stillwater currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

About Catherine Wilson

Check Also

Great Southern Bancorp: Continued Loan Growth to Boost Profits (NASDAQ: GSBC)

Vertigo3d Earnings of Great Southern Bancorp, Inc. (NASDAQ: GSBC) will likely continue to grow this …