Raymond James Financial Inc. acquired a new position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,761,770 shares of the company's stock, valued at approximately $5,814,000. Raymond James Financial Inc. owned 0.25% of Sibanye Stillwater at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in shares of Sibanye Stillwater by 0.6% in the 4th quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock valued at $15,122,000 after purchasing an additional 26,400 shares during the last quarter. Bank of Montreal Can increased its stake in Sibanye Stillwater by 398.2% in the fourth quarter. Bank of Montreal Can now owns 131,139 shares of the company's stock valued at $433,000 after purchasing an additional 104,815 shares in the last quarter. Trek Financial LLC acquired a new position in Sibanye Stillwater during the 4th quarter worth approximately $2,803,000. Peapack Gladstone Financial Corp acquired a new stake in Sibanye Stillwater in the 4th quarter valued at $41,000. Finally, Quadrant Capital Group LLC increased its stake in Sibanye Stillwater by 80.5% during the 4th quarter. Quadrant Capital Group LLC now owns 25,827 shares of the company's stock valued at $85,000 after purchasing an additional 11,518 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $4.70 to $5.30 in a report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.05.
View Our Latest Stock Report on Sibanye Stillwater
Sibanye Stillwater Stock Up 1.3 %
SBSW stock traded up $0.06 during trading on Monday, reaching $4.59. The stock had a trading volume of 7,401,580 shares, compared to its average volume of 7,154,058. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.83 and a beta of 1.08. Sibanye Stillwater Limited has a one year low of $3.05 and a one year high of $5.91. The company's 50 day moving average is $4.06 and its two-hundred day moving average is $4.01.
Sibanye Stillwater Company Profile
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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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