Covalis Capital LLP Buys 226,796 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Covalis Capital LLP lifted its position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 639.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 262,279 shares of the company's stock after acquiring an additional 226,796 shares during the period. Covalis Capital LLP's holdings in Sibanye Stillwater were worth $866,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Trek Financial LLC acquired a new position in shares of Sibanye Stillwater during the fourth quarter valued at about $2,803,000. Goehring & Rozencwajg Associates LLC acquired a new position in Sibanye Stillwater during the 4th quarter worth $9,446,000. Lingotto Investment Management LLP increased its position in Sibanye Stillwater by 1.0% in the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock worth $91,733,000 after purchasing an additional 286,195 shares during the period. CenterBook Partners LP bought a new position in Sibanye Stillwater in the fourth quarter valued at approximately $903,000. Finally, ABC Arbitrage SA acquired a new position in Sibanye Stillwater during the fourth quarter valued at approximately $1,332,000. Hedge funds and other institutional investors own 34.93% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and boosted their target price for the company 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 issued a buy rating to the company. According to data from MarketBeat.com, Sibanye Stillwater presently has an average rating of "Hold" and a consensus target price of $5.05.

Sibanye Stillwater Stock Down 2.6 %

Shares of NYSE SBSW traded down $0.13 during mid-day trading on Thursday, reaching $4.74. 6,244,388 shares of the company's stock traded hands, compared to its average volume of 9,465,098. The stock has a market cap of $3.35 billion, a P/E ratio of 9.11 and a beta of 1.08. Sibanye Stillwater Limited has a 1-year low of $3.05 and a 1-year high of $5.91. The business has a 50-day simple moving average of $4.03 and a 200 day simple moving average of $4.01. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Sibanye Stillwater Company 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.