X Square Capital LLC Reduces Stock Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

X Square Capital LLC lessened its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 34.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 156,970 shares of the company's stock after selling 83,000 shares during the period. X Square Capital LLC's holdings in Sibanye Stillwater were worth $518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in shares of Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company's stock valued at $199,000 after purchasing an additional 3,045 shares during the last quarter. Aire Advisors LLC boosted its stake in Sibanye Stillwater by 5.3% during the fourth quarter. Aire Advisors LLC now owns 61,060 shares of the company's stock valued at $201,000 after buying an additional 3,060 shares during the last quarter. Rhumbline Advisers grew its holdings in Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after buying an additional 3,120 shares in the last quarter. Banco Santander S.A. raised its holdings in shares of Sibanye Stillwater by 16.9% during the 4th quarter. Banco Santander S.A. now owns 29,974 shares of the company's stock worth $99,000 after acquiring an additional 4,344 shares in the last quarter. Finally, Cadence Wealth Management LLC boosted its position in shares of Sibanye Stillwater by 5.2% during the 4th quarter. Cadence Wealth Management LLC now owns 97,466 shares of the company's stock valued at $322,000 after acquiring an additional 4,815 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company's stock.

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Sibanye Stillwater Stock Down 2.1 %

NYSE SBSW traded down $0.10 during trading on Tuesday, reaching $4.49. 8,546,741 shares of the company's stock traded hands, compared to its average volume of 6,662,949. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The company's 50 day simple moving average is $3.86 and its two-hundred day simple moving average is $4.01. Sibanye Stillwater Limited has a 12-month low of $3.05 and a 12-month high of $5.93. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 8.68 and a beta of 1.59.

Analysts Set New Price Targets

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

Sibanye Stillwater 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.