Sibanye Stillwater Target of Unusually High Options Trading (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) saw unusually large options trading on Tuesday. Stock investors acquired 10,483 call options on the stock. This is an increase of 200% compared to the average volume of 3,494 call options.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Sibanye Stillwater has an average rating of "Hold" and an average price target of $5.05.

Sibanye Stillwater Trading Up 1.7 %

SBSW stock traded up $0.09 during midday trading on Friday, reaching $4.99. The company's stock had a trading volume of 18,190,684 shares, compared to its average volume of 7,032,070. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 9.59 and a beta of 1.08. Sibanye Stillwater has a 1 year low of $3.05 and a 1 year high of $5.91. 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 stock has a fifty day simple moving average of $3.97 and a two-hundred day simple moving average of $4.00.

Institutional Investors Weigh In On Sibanye Stillwater

Several large investors have recently added to or reduced their stakes in the stock. Lingotto Investment Management LLP boosted its holdings in shares of Sibanye Stillwater by 1.0% in the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock valued at $91,733,000 after purchasing an additional 286,195 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Sibanye Stillwater by 28.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company's stock worth $21,588,000 after buying an additional 1,439,882 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Sibanye Stillwater by 0.6% in the fourth quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock valued at $15,122,000 after acquiring an additional 26,400 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Sibanye Stillwater by 13.4% in the fourth quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company's stock worth $11,138,000 after acquiring an additional 400,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Sibanye Stillwater by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,971,911 shares of the company's stock valued at $9,803,000 after purchasing an additional 221,266 shares during the period. 34.93% of the stock is owned by hedge funds and other institutional investors.

About Sibanye Stillwater

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.