CenterBook Partners LP acquired a new stake in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 273,571 shares of the company's stock, valued at approximately $903,000.
Other hedge funds have also recently modified their holdings of the company. Goehring & Rozencwajg Associates LLC bought a new position in shares of Sibanye Stillwater during the 4th quarter worth $9,446,000. Trek Financial LLC bought a new position in Sibanye Stillwater during the fourth quarter worth about $2,803,000. Lingotto Investment Management LLP increased its stake 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 worth $91,733,000 after purchasing an additional 286,195 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Sibanye Stillwater in the fourth quarter valued at approximately $1,332,000. Finally, Rhumbline Advisers lifted its stake in shares of 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. Institutional investors 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 lifted their price target for the company from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.05.
View Our Latest Stock Report on SBSW
Sibanye Stillwater Trading Up 2.4 %
Shares of Sibanye Stillwater stock traded up $0.12 during trading on Thursday, reaching $5.02. The company's stock had a trading volume of 13,898,061 shares, compared to its average volume of 7,017,217. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 9.64 and a beta of 1.08. The firm's 50-day moving average is $3.93 and its two-hundred day moving average is $3.99. Sibanye Stillwater Limited has a 52-week low of $3.05 and a 52-week high of $5.91. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.
Sibanye Stillwater Company Profile
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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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