Sibanye Stillwater Limited (NYSE:SBSW) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its position in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 1,673.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,014,294 shares of the company's stock after acquiring an additional 957,103 shares during the quarter. Northern Trust Corp owned approximately 0.14% of Sibanye Stillwater worth $3,347,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Lingotto Investment Management LLP raised its stake 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 during the period. Invesco Ltd. raised its stake 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 during the period. Dimensional Fund Advisors LP raised its stake 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 during the period. Goehring & Rozencwajg Associates LLC purchased a new position in Sibanye Stillwater during the fourth quarter worth approximately $9,446,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Sibanye Stillwater in the 4th quarter valued at $5,814,000. Institutional investors and hedge funds own 34.93% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $4.70 to $5.30 in a research note on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Sibanye Stillwater presently has a consensus rating of "Hold" and a consensus price target of $5.05.

Sibanye Stillwater Stock Down 1.3%

Sibanye Stillwater stock traded down $0.08 during midday trading on Thursday, hitting $6.08. 2,903,240 shares of the stock were exchanged, compared to its average volume of 7,375,398. The company has a 50 day moving average price of $4.68 and a two-hundred day moving average price of $4.10. The firm has a market cap of $4.30 billion, a P/E ratio of 11.70 and a beta of 0.59. Sibanye Stillwater Limited has a 1 year low of $3.05 and a 1 year high of $6.33. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

About Sibanye Stillwater

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.