GTS Securities LLC Sells 49,451 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

GTS Securities LLC lessened its holdings in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,505 shares of the company's stock after selling 49,451 shares during the quarter. GTS Securities LLC's holdings in Sibanye Stillwater were worth $163,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Goehring & Rozencwajg Associates LLC acquired a new stake in Sibanye Stillwater during the 4th quarter worth approximately $9,446,000. Van ECK Associates Corp grew its stake in shares of Sibanye Stillwater by 45.3% during the 4th quarter. Van ECK Associates Corp now owns 109,674 shares of the company's stock worth $362,000 after acquiring an additional 34,206 shares in the last quarter. TSP Capital Management Group LLC grew its stake in shares of Sibanye Stillwater by 8.2% during the 4th quarter. TSP Capital Management Group LLC now owns 1,075,175 shares of the company's stock worth $3,548,000 after acquiring an additional 81,400 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of Sibanye Stillwater during the 4th quarter worth approximately $1,332,000. Finally, Rhumbline Advisers grew 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 worth $42,000 after acquiring an additional 3,120 shares in the last quarter. Institutional investors own 34.93% of the company's stock.

Sibanye Stillwater Stock Down 2.3%

Shares of NYSE:SBSW traded down $0.14 during midday trading on Wednesday, hitting $6.03. The stock had a trading volume of 11,600,597 shares, compared to its average volume of 7,473,798. Sibanye Stillwater Limited has a 12 month low of $3.05 and a 12 month high of $6.40. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The business's 50-day simple moving average is $4.86 and its 200-day simple moving average is $4.17. The company has a market cap of $4.27 billion, a P/E ratio of 11.60 and a beta of 0.72.

Analyst Upgrades and Downgrades

SBSW has been the subject of several research reports. Royal Bank of Canada raised shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $4.70 to $5.30 in a research note on Tuesday, March 18th. Wall Street Zen cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.