Bank of Montreal Can Purchases 104,815 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Bank of Montreal Can boosted its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 398.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,139 shares of the company's stock after acquiring an additional 104,815 shares during the period. Bank of Montreal Can's holdings in Sibanye Stillwater were worth $433,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC grew its position in Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company's stock worth $199,000 after acquiring an additional 3,045 shares during the last quarter. Aire Advisors LLC raised its holdings in Sibanye Stillwater by 5.3% during the fourth quarter. Aire Advisors LLC now owns 61,060 shares of the company's stock worth $201,000 after buying an additional 3,060 shares during the last quarter. Rhumbline Advisers boosted its stake in Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after purchasing an additional 3,120 shares during the last quarter. Banco Santander S.A. lifted its stake in Sibanye Stillwater by 16.9% during the 4th quarter. Banco Santander S.A. now owns 29,974 shares of the company's stock valued at $99,000 after acquiring an additional 4,344 shares in the last quarter. Finally, Cadence Wealth Management LLC boosted its holdings in Sibanye Stillwater by 5.2% during the 4th quarter. Cadence Wealth Management LLC now owns 97,466 shares of the company's stock worth $322,000 after acquiring an additional 4,815 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $4.70 to $5.30 in a research note on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $5.05.

Sibanye Stillwater Price Performance

Shares of NYSE SBSW opened at $5.02 on Wednesday. Sibanye Stillwater Limited has a 52 week low of $3.05 and a 52 week high of $5.91. 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 company has a market cap of $3.55 billion, a P/E ratio of 9.65 and a beta of 1.08. The business has a 50-day simple moving average of $4.01 and a two-hundred day simple moving average of $4.00.

About Sibanye Stillwater

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.

Want to see what other hedge funds are holding SBSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sibanye Stillwater Limited (NYSE:SBSW - Free Report).

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