Millennium Management LLC Has $5.81 Million Position in Sibanye Stillwater Limited (NYSE:SBSW)

Millennium Management LLC lifted its holdings in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 65.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,335,331 shares of the company's stock after buying an additional 526,724 shares during the quarter. Millennium Management LLC owned about 0.19% of Sibanye Stillwater worth $5,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new position in Sibanye Stillwater in the 4th quarter valued at $28,000. GAMMA Investing LLC increased its position in Sibanye Stillwater by 62.6% in the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company's stock worth $42,000 after purchasing an additional 3,401 shares during the period. Vanguard Capital Wealth Advisors bought a new stake in Sibanye Stillwater during the 1st quarter worth about $50,000. Fermata Advisors LLC acquired a new position in Sibanye Stillwater during the 1st quarter valued at about $52,000. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of Sibanye Stillwater in the 2nd quarter valued at about $64,000. Institutional investors and hedge funds own 34.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SBSW. JPMorgan Chase & Co. dropped their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday, July 3rd. BMO Capital Markets dropped their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.17.

Sibanye Stillwater Price Performance

Sibanye Stillwater stock traded up $0.08 during midday trading on Friday, hitting $4.17. 4,817,255 shares of the stock were exchanged, compared to its average volume of 5,956,630. The company has a fifty day simple moving average of $4.12 and a two-hundred day simple moving average of $4.58. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a 52 week low of $3.08 and a 52 week high of $6.21.

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.