DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 125,000 shares of the company's stock, valued at approximately $412,000.
A number of other institutional investors and hedge funds have also made changes to their positions in SBSW. Centiva Capital LP grew its stake in Sibanye Stillwater by 79.7% during the 4th quarter. Centiva Capital LP now owns 165,455 shares of the company's stock worth $546,000 after buying an additional 73,389 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Sibanye Stillwater during the fourth quarter valued at $67,000. Bank of America Corp DE grew its position in shares of Sibanye Stillwater by 16.1% during the fourth quarter. Bank of America Corp DE now owns 85,825 shares of the company's stock worth $283,000 after acquiring an additional 11,916 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Sibanye Stillwater in the 4th quarter worth about $1,626,000. Finally, Ameriprise Financial Inc. bought a new stake in Sibanye Stillwater in the 4th quarter valued at about $35,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and upped their target price for the stock 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.05.
Get Our Latest Analysis on SBSW
Sibanye Stillwater Price Performance
Shares of SBSW opened at $5.11 on Monday. Sibanye Stillwater Limited has a one year low of $3.05 and a one year high of $5.91. The stock's fifty day moving average is $4.33 and its 200-day moving average is $4.04. 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 firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 9.83 and a beta of 0.59.
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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