Two Sigma Advisers LP Buys 699,900 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Two Sigma Advisers LP boosted its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 30.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,975,100 shares of the company's stock after buying an additional 699,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.42% of Sibanye Stillwater worth $12,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBSW. Diversified Trust Co acquired a new position in Sibanye Stillwater during the 2nd quarter worth about $86,000. U S Global Investors Inc. lifted its holdings in Sibanye Stillwater by 3.3% during the 2nd quarter. U S Global Investors Inc. now owns 637,006 shares of the company's stock worth $2,771,000 after buying an additional 20,384 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Sibanye Stillwater in the 2nd quarter valued at about $72,000. Pine Valley Investments Ltd Liability Co acquired a new position in shares of Sibanye Stillwater in the 2nd quarter valued at about $64,000. Finally, BCGM Wealth Management LLC lifted its stake in shares of Sibanye Stillwater by 5.3% in the 2nd quarter. BCGM Wealth Management LLC now owns 387,035 shares of the company's stock valued at $1,684,000 after purchasing an additional 19,647 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Stillwater Trading Up 2.0 %

SBSW traded up $0.08 during midday trading on Tuesday, reaching $4.17. 5,184,179 shares of the company were exchanged, compared to its average volume of 6,063,905. 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 company's fifty day moving average price is $4.36 and its 200 day moving average price is $4.36. Sibanye Stillwater Limited has a one year low of $3.08 and a one year high of $5.93.

Analyst Upgrades and Downgrades

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