Trek Financial LLC bought a new position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 849,528 shares of the company's stock, valued at approximately $2,803,000. Trek Financial LLC owned approximately 0.12% of Sibanye Stillwater as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Lingotto Investment Management LLP grew its stake in shares of Sibanye Stillwater by 1.0% in the 4th quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock valued at $91,733,000 after buying an additional 286,195 shares in the last quarter. Two Sigma Advisers LP grew its position in Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company's stock worth $12,228,000 after acquiring an additional 699,900 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater during the 4th quarter worth $9,446,000. Raymond James Financial Inc. bought a new position in shares of Sibanye Stillwater during the 4th quarter valued at $5,814,000. Finally, American Century Companies Inc. lifted its stake in shares of Sibanye Stillwater by 5.5% in the 4th quarter. American Century Companies Inc. now owns 1,410,961 shares of the company's stock valued at $4,656,000 after purchasing an additional 73,368 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.
Analyst Ratings Changes
Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $4.70 to $5.30 in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.05.
Read Our Latest Report on SBSW
Sibanye Stillwater Stock Performance
Shares of Sibanye Stillwater stock traded up $0.48 on Friday, reaching $4.37. The stock had a trading volume of 10,618,947 shares, compared to its average volume of 6,899,683. 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 business's 50-day moving average price is $3.88 and its two-hundred day moving average price is $3.98. The stock has a market cap of $3.09 billion, a P/E ratio of 8.34 and a beta of 1.08. Sibanye Stillwater Limited has a fifty-two week low of $3.05 and a fifty-two week high of $5.91.
About Sibanye Stillwater
(
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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