Raymond James & Associates Has $6.89 Million Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Raymond James & Associates grew its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 8.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,676,719 shares of the company's stock after acquiring an additional 131,990 shares during the quarter. Raymond James & Associates owned about 0.24% of Sibanye Stillwater worth $6,891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SBSW. Fermata Advisors LLC increased its stake in shares of Sibanye Stillwater by 13.2% during the third quarter. Fermata Advisors LLC now owns 22,968 shares of the company's stock valued at $94,000 after acquiring an additional 2,674 shares during the period. BCGM Wealth Management LLC raised its stake in shares of Sibanye Stillwater by 2.3% in the 1st quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company's stock worth $1,730,000 after buying an additional 8,246 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Sibanye Stillwater by 130.1% in the second quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company's stock valued at $69,000 after buying an additional 8,607 shares during the period. Cadence Wealth Management LLC boosted its stake in Sibanye Stillwater by 10.6% during the second quarter. Cadence Wealth Management LLC now owns 92,209 shares of the company's stock valued at $401,000 after buying an additional 8,845 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in Sibanye Stillwater by 29.0% during the second quarter. Caprock Group LLC now owns 39,539 shares of the company's stock worth $172,000 after acquiring an additional 8,881 shares during the period. Institutional investors own 34.93% of the company's stock.

Sibanye Stillwater Trading Down 4.5 %

NYSE SBSW traded down $0.22 on Thursday, hitting $4.67. 8,145,826 shares of the company were exchanged, compared to its average volume of 6,127,500. Sibanye Stillwater Limited has a twelve month low of $3.08 and a twelve month high of $5.93. The company's 50 day moving average price is $4.23 and its 200-day moving average price is $4.53. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The firm has a market capitalization of $3.30 billion, a P/E ratio of 6.49 and a beta of 1.65.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. cut their target price 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. Finally, Investec lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $5.17.

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.