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.
Get Our Latest Stock Report on SBSW
Sibanye Stillwater Company Profile
(
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.
See Also
Before you consider Sibanye Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sibanye Gold wasn't on the list.
While Sibanye Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
