Two Sigma Advisers LP lifted its stake in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,375,200 shares of the company's stock after purchasing an additional 400,100 shares during the quarter. Two Sigma Advisers LP owned about 0.48% of Sibanye Stillwater worth $11,138,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Trek Financial LLC bought a new position in Sibanye Stillwater in the 4th quarter valued at approximately $2,803,000. Goehring & Rozencwajg Associates LLC bought a new position in Sibanye Stillwater in the 4th quarter valued at approximately $9,446,000. Lingotto Investment Management LLP lifted its position in Sibanye Stillwater by 1.0% in the 4th quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock valued at $91,733,000 after acquiring an additional 286,195 shares in the last quarter. CenterBook Partners LP bought a new position in Sibanye Stillwater in the 4th quarter valued at approximately $903,000. Finally, ABC Arbitrage SA bought a new position in Sibanye Stillwater in the 4th quarter valued at approximately $1,332,000. 34.93% of the stock is owned by institutional investors.
Sibanye Stillwater Price Performance
Shares of Sibanye Stillwater stock traded up $0.02 during trading on Wednesday, reaching $6.09. 3,503,153 shares of the stock traded hands, compared to its average volume of 7,350,427. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 11.70 and a beta of 0.59. The business has a fifty day simple moving average of $4.65 and a two-hundred day simple moving average of $4.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater Limited has a 52-week low of $3.05 and a 52-week high of $6.20.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada raised Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $5.05.
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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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