ABC Arbitrage SA Buys Shares of 403,490 Sibanye Stillwater Limited (NYSE:SBSW)

ABC Arbitrage SA purchased a new stake in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 403,490 shares of the company's stock, valued at approximately $1,332,000. ABC Arbitrage SA owned approximately 0.06% of Sibanye Stillwater at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. TSP Capital Management Group LLC grew its holdings in Sibanye Stillwater by 8.2% during the 4th quarter. TSP Capital Management Group LLC now owns 1,075,175 shares of the company's stock valued at $3,548,000 after purchasing an additional 81,400 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Sibanye Stillwater by 45.3% in the fourth quarter. Van ECK Associates Corp now owns 109,674 shares of the company's stock worth $362,000 after acquiring an additional 34,206 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater in the fourth quarter worth about $9,446,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Sibanye Stillwater in the fourth quarter worth about $86,000. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its stake in shares of Sibanye Stillwater by 854.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 54,345 shares of the company's stock worth $179,000 after acquiring an additional 48,650 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Stillwater Stock Performance

Shares of NYSE:SBSW traded down $0.24 on Wednesday, reaching $3.60. 9,524,763 shares of the company's stock were exchanged, compared to its average volume of 6,769,666. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The business's 50-day moving average is $3.67 and its two-hundred day moving average is $4.03. Sibanye Stillwater Limited has a fifty-two week low of $3.08 and a fifty-two week high of $5.93. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 5.45 and a beta of 1.58.

Analyst Ratings Changes

A number of analysts have recently weighed in on SBSW shares. HSBC downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price target for the company. in a research report on Monday, November 4th. Royal Bank of Canada cut their target price on shares of Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. Finally, Hsbc Global Res lowered shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Sibanye Stillwater currently has a consensus rating of "Hold" and an average target price of $4.79.

Sibanye Stillwater Profile

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.