Centiva Capital LP Raises Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Centiva Capital LP raised its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 79.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,455 shares of the company's stock after acquiring an additional 73,389 shares during the period. Centiva Capital LP's holdings in Sibanye Stillwater were worth $546,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in Sibanye Stillwater in the 4th quarter worth about $25,000. Ameriprise Financial Inc. purchased a new position in shares of Sibanye Stillwater in the 4th quarter worth approximately $35,000. Peapack Gladstone Financial Corp bought a new position in shares of Sibanye Stillwater in the fourth quarter valued at approximately $41,000. Rhumbline Advisers increased its position in shares of Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after acquiring an additional 3,120 shares during the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Sibanye Stillwater during the fourth quarter valued at approximately $43,000. 34.93% of the stock is currently owned by institutional investors.

Sibanye Stillwater Stock Performance

SBSW traded down $0.02 during midday trading on Tuesday, reaching $4.60. The company had a trading volume of 6,783,308 shares, compared to its average volume of 7,218,117. 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 stock has a market cap of $3.26 billion, a PE ratio of 8.85 and a beta of 0.59. Sibanye Stillwater Limited has a 12-month low of $3.05 and a 12-month high of $5.91. The business has a 50-day moving average price of $4.35 and a two-hundred day moving average price of $4.04.

Wall Street Analyst Weigh In

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 report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.