OMERS ADMINISTRATION Corp purchased a new stake in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 84,900 shares of the company's stock, valued at approximately $280,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Sibanye Stillwater in the 4th quarter valued at about $25,000. Ameriprise Financial Inc. bought a new stake in Sibanye Stillwater in the 4th quarter valued at about $35,000. Peapack Gladstone Financial Corp bought a new stake in Sibanye Stillwater in the 4th quarter valued at about $41,000. Rhumbline Advisers lifted its position in Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after purchasing an additional 3,120 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in Sibanye Stillwater in the 4th quarter valued at about $43,000. 34.93% of the stock is owned by institutional investors and hedge funds.
Sibanye Stillwater Stock Up 1.9%
SBSW stock opened at $4.84 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm's 50-day moving average is $4.44 and its two-hundred day moving average is $4.03. Sibanye Stillwater Limited has a 52 week low of $3.05 and a 52 week high of $5.91. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 9.31 and a beta of 0.59.
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 boosted their price target for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.05.
Read Our Latest Research Report on SBSW
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.
Read More
Want to see what other hedge funds are holding SBSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sibanye Stillwater Limited (NYSE:SBSW - Free Report).
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