Stifel Financial Corp Cuts Stock Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Stifel Financial Corp lessened its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 55.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,150 shares of the company's stock after selling 176,320 shares during the period. Stifel Financial Corp's holdings in Sibanye Stillwater were worth $576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SBSW. Creative Financial Designs Inc. ADV raised its stake in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock valued at $31,000 after buying an additional 2,200 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company's stock valued at $41,000 after acquiring an additional 8,885 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $46,000. Signaturefd LLC boosted its stake in Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company's stock worth $46,000 after purchasing an additional 2,241 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new stake in Sibanye Stillwater during the 2nd quarter worth approximately $64,000. Institutional investors and hedge funds own 34.93% of the company's stock.

Sibanye Stillwater Stock Performance

NYSE SBSW traded down $0.04 on Friday, reaching $3.43. 6,483,620 shares of the company's stock traded hands, compared to its average volume of 6,033,307. Sibanye Stillwater Limited has a fifty-two week low of $3.08 and a fifty-two week high of $5.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 5.53 and a beta of 1.56. The stock has a 50 day moving average price of $4.21 and a 200-day moving average price of $4.26.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SBSW shares. Hsbc Global Res cut shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. BMO Capital Markets lowered their price target on 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. Finally, HSBC lowered Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price objective on the stock. in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Sibanye Stillwater presently has a consensus rating of "Hold" and a consensus price target of $4.98.

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.