With 2.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.45 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $6.71 whereas the lowest price it dropped to was $6.59. The 52-week range on SBSW shows that it touched its highest point at $12.44 and its lowest point at $5.45 during that stretch. It currently has a 1-year price target of $9.53. With its current market cap of 4.75 billion, SBSW has annualized dividend of $0.38 while the current yield stands at 5.68%. Beta for the stock currently stands at 1.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBSW was up-trending over the past week, with a rise of 16.70%, but this was up by 7.44% over a month. Three-month performance dropped to -10.03% while six-month performance fell -19.90%. The stock lost -26.06% in the past year, while it has lost -37.71% so far this year. A look at the trailing 12-month EPS for SBSW yields 1.37 with Next year EPS estimates of 0.75. EPS is expected to decline by -11.54% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 37.70%.
Float and Shares Shorts:
At present, 707.64 million SBSW shares are outstanding with a float of 707.64 million shares on hand for trading. On Aug 30, 2023, short shares totaled 11.89 million, which was 1.68% higher than short shares on Jul 30, 2023. In addition to Mr. Neal John Froneman B.Sc(MechEng), B.Sc., BCompt UNISA, PR Eng. as the firm’s CEO & Exec. Director, Mr. Charl A. Keyter A.C.M.A., B.Com., CGMA, M.B.A. serves as its CFO & Exec. Director.
Through their ownership of 9.41% of SBSW’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.50% of SBSW, in contrast to 4.13% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SBSW with 0.83% of the stake, Quantex AG holds 5,850,000 shares worth 5,850,000. A second-largest stockholder of SBSW, Dimensional Fund Advisors LP, holds 4,209,051 shares, controlling over 0.60% of the firm’s shares. Condire Management LP is the third largest shareholder in SBSW, holding 3,790,555 shares or 0.54% stake. With a 0.71% stake in SBSW, the Quantex Global Value Fund is the largest stakeholder. A total of 5,000,000 shares are owned by the mutual fund manager. The Invesco Gold and Special Minerals, which owns about 0.50% of SBSW stock, is the second-largest Mutual Fund holder. It holds 3,539,287 shares valued at 21.41 million. Columbia Overseas Value Fund holds 0.19% of the stake in SBSW, owning 1,361,549 shares worth 8.24 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBSW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SBSW analysts setting a high price target of $13.41 and a low target of $4.16, the average target price over the next 12 months is $8.63. Based on these targets, SBSW could surge 101.96% to reach the target high and fall by -37.35% to reach the target low. Reaching the average price target will result in a growth of 29.97% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.