Headlands Technologies LLC lessened its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 35.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,912 shares of the company's stock after selling 99,233 shares during the quarter. Headlands Technologies LLC's holdings in Sibanye Stillwater were worth $600,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Goehring & Rozencwajg Associates LLC acquired a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $9,446,000. Raymond James Financial Inc. acquired a new position in Sibanye Stillwater during the fourth quarter worth $5,814,000. Two Sigma Advisers LP grew its stake in Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company's stock worth $12,228,000 after buying an additional 699,900 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Sibanye Stillwater in the 3rd quarter valued at $2,367,000. Finally, ABC Arbitrage SA bought a new position in Sibanye Stillwater in the 4th quarter valued at $1,332,000. 34.93% of the stock is owned by institutional investors and hedge funds.
Sibanye Stillwater Stock Up 18.2 %
Shares of Sibanye Stillwater stock traded up $0.59 during trading hours on Wednesday, reaching $3.81. 25,350,921 shares of the company's stock were exchanged, compared to its average volume of 6,864,387. The stock has a market cap of $2.69 billion, a P/E ratio of 7.32 and a beta of 1.08. The company has a 50 day moving average of $3.88 and a two-hundred day moving average of $3.99. Sibanye Stillwater Limited has a fifty-two week low of $3.05 and a fifty-two week high of $5.91. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.
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 report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $5.05.
Check Out Our Latest Analysis on SBSW
About Sibanye Stillwater
(
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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