Sibanye Stillwater Limited (NYSE:SBSW) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 93.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,744 shares of the company's stock after selling 376,664 shares during the period. JPMorgan Chase & Co.'s holdings in Sibanye Stillwater were worth $114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SBSW. Two Sigma Advisers LP grew its position in Sibanye Stillwater by 30.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company's stock valued at $12,228,000 after buying an additional 699,900 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Sibanye Stillwater in the third quarter valued at about $2,367,000. Millennium Management LLC increased its stake in shares of Sibanye Stillwater by 65.1% during the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company's stock worth $5,809,000 after acquiring an additional 526,724 shares during the period. Anthracite Investment Company Inc. raised its holdings in Sibanye Stillwater by 114.3% during the third quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company's stock worth $2,788,000 after purchasing an additional 361,685 shares in the last quarter. Finally, Bridgewater Associates LP boosted its holdings in Sibanye Stillwater by 10.9% in the 3rd quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company's stock valued at $13,467,000 after purchasing an additional 321,037 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on SBSW shares. Investec cut Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. Hsbc Global Res downgraded shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, HSBC downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price target for the company. in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.98.

Sibanye Stillwater Price Performance

NYSE:SBSW traded down $0.03 during trading hours on Thursday, reaching $4.01. 7,170,355 shares of the company traded hands, compared to its average volume of 6,538,604. Sibanye Stillwater Limited has a 1-year low of $3.08 and a 1-year high of $5.93. The firm's 50-day moving average is $3.70 and its 200-day moving average is $4.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

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.