D. E. Shaw & Co. Inc. increased its position in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,541,857 shares of the company's stock after purchasing an additional 1,439,882 shares during the period. D. E. Shaw & Co. Inc. owned 0.92% of Sibanye Stillwater worth $21,588,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lingotto Investment Management LLP raised its holdings in Sibanye Stillwater by 1.0% during 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. Invesco Ltd. raised its holdings in Sibanye Stillwater by 0.6% during the fourth quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock worth $15,122,000 after purchasing an additional 26,400 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sibanye Stillwater by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,971,911 shares of the company's stock worth $9,803,000 after purchasing an additional 221,266 shares in the last quarter. Goehring & Rozencwajg Associates LLC bought a new stake in Sibanye Stillwater during the fourth quarter worth approximately $9,446,000. Finally, Raymond James Financial Inc. bought a new stake in Sibanye Stillwater during the fourth quarter worth approximately $5,814,000. Institutional investors own 34.93% of the company's stock.
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 target price for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Sibanye Stillwater currently has a consensus rating of "Hold" and a consensus price target of $5.05.
Get Our Latest Stock Report on SBSW
Sibanye Stillwater Price Performance
Shares of NYSE SBSW traded up $0.02 during trading on Friday, hitting $4.74. The company had a trading volume of 5,292,914 shares, compared to its average volume of 7,184,709. The company has a market cap of $3.35 billion, a P/E ratio of 9.11 and a beta of 0.59. Sibanye Stillwater Limited has a 52 week low of $3.05 and a 52 week high of $5.91. The business's 50-day moving average is $4.42 and its 200 day moving average is $4.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.
About Sibanye Stillwater
(
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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