Sibanye Stillwater Limited (NYSE:SBSW) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 398.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,139 shares of the company's stock after purchasing an additional 104,815 shares during the period. Bank of Montreal Can's holdings in Sibanye Stillwater were worth $433,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SBSW. Goehring & Rozencwajg Associates LLC purchased a new position in Sibanye Stillwater during the fourth quarter worth approximately $9,446,000. Raymond James Financial Inc. purchased a new position in shares of Sibanye Stillwater in the 4th quarter valued at $5,814,000. Trek Financial LLC purchased a new position in shares of Sibanye Stillwater in the 4th quarter valued at $2,803,000. ABC Arbitrage SA purchased a new position in shares of Sibanye Stillwater in the 4th quarter valued at $1,332,000. Finally, Lingotto Investment Management LLP raised 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 acquiring an additional 286,195 shares during the period. Hedge funds and other institutional investors own 34.93% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised shares of 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 research note 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $5.05.

Sibanye Stillwater Stock Up 1.3 %

SBSW traded up $0.06 during trading hours on Monday, reaching $4.59. 7,401,580 shares of the stock traded hands, compared to its average volume of 7,154,059. The firm's fifty day simple moving average is $4.08 and its two-hundred day simple moving average is $4.01. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 8.83 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. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

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.