Raymond James Financial Inc. Makes New Investment in Sibanye Stillwater Limited (NYSE:SBSW)

Raymond James Financial Inc. bought a new position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,761,770 shares of the company's stock, valued at approximately $5,814,000. Raymond James Financial Inc. owned approximately 0.25% of Sibanye Stillwater as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its holdings in Sibanye Stillwater by 6.7% in the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company's stock valued at $199,000 after buying an additional 3,045 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after acquiring an additional 3,120 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Sibanye Stillwater by 5.6% during the third quarter. XTX Topco Ltd now owns 101,656 shares of the company's stock worth $418,000 after purchasing an additional 5,428 shares during the period. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the third quarter worth $41,000. Finally, Pine Valley Investments Ltd Liability Co raised its position in Sibanye Stillwater by 83.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company's stock worth $112,000 after purchasing an additional 12,336 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $4.70 to $5.30 in a research report 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 MarketBeat.com, Sibanye Stillwater has an average rating of "Hold" and an average price target of $5.05.

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Sibanye Stillwater Stock Up 0.6 %

SBSW traded up $0.03 during midday trading on Friday, hitting $4.38. The company had a trading volume of 9,375,056 shares, compared to its average volume of 6,586,049. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 8.41 and a beta of 1.59. The stock's 50 day moving average price is $3.82 and its 200 day moving average price is $3.99. 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 $3.05 and a 52 week high of $5.93.

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.