Point72 Asset Management L.P. bought a new stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 575,900 shares of the company's stock, valued at approximately $2,367,000. Point72 Asset Management L.P. owned approximately 0.08% of Sibanye Stillwater at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV increased its stake in shares of Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock worth $31,000 after buying an additional 2,200 shares during the last quarter. Blue Trust Inc. grew its position in shares of Sibanye Stillwater by 1,931.5% in the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company's stock worth $41,000 after acquiring an additional 8,885 shares in the last quarter. Signaturefd LLC grew its stake in Sibanye Stillwater by 24.9% during the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company's stock worth $46,000 after buying an additional 2,241 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Sibanye Stillwater during the 3rd quarter valued at about $46,000. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in Sibanye Stillwater during the second quarter valued at approximately $64,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on SBSW shares. Hsbc Global Res cut Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. BMO Capital Markets dropped their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Friday, September 13th. Finally, HSBC cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price target for the company. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Sibanye Stillwater presently has a consensus rating of "Hold" and a consensus price target of $4.98.
Check Out Our Latest Stock Analysis on SBSW
Sibanye Stillwater Price Performance
Shares of SBSW traded up $0.15 during mid-day trading on Tuesday, reaching $4.24. The company had a trading volume of 3,956,918 shares, compared to its average volume of 6,057,721. The company's 50-day moving average is $4.36 and its 200-day moving average is $4.36. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a twelve month low of $3.08 and a twelve month high of $5.93.
Sibanye Stillwater Company Profile
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Free Report)
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.
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