Evergreen Capital Management LLC Takes Position in Sibanye Stillwater Limited (NYSE:SBSW)

Evergreen Capital Management LLC bought a new stake in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 159,129 shares of the company's stock, valued at approximately $525,000.

Several other hedge funds also recently bought and sold shares of the company. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $41,000. Peapack Gladstone Financial Corp bought a new stake in Sibanye Stillwater in the fourth quarter worth approximately $41,000. Rhumbline Advisers increased its stake in shares of Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock worth $42,000 after purchasing an additional 3,120 shares during the last quarter. Atomi Financial Group Inc. bought a new position in shares of Sibanye Stillwater during the 4th quarter valued at $43,000. Finally, Sprott Inc. acquired a new stake in shares of Sibanye Stillwater in the 4th quarter valued at $52,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Stillwater Trading Down 2.8 %

Shares of NYSE:SBSW traded down $0.13 during mid-day trading on Thursday, reaching $4.73. The stock had a trading volume of 5,083,159 shares, compared to its average volume of 7,119,475. The firm has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $4.01. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3.34 billion, a PE ratio of 9.11 and a beta of 1.08. Sibanye Stillwater Limited has a twelve month low of $3.05 and a twelve month high of $5.91.

Analysts Set New Price Targets

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

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.