Two Sigma Advisers LP Acquires 400,100 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Two Sigma Advisers LP increased its position in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,375,200 shares of the company's stock after purchasing an additional 400,100 shares during the period. Two Sigma Advisers LP owned approximately 0.48% of Sibanye Stillwater worth $11,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SBSW. Itau Unibanco Holding S.A. acquired a new stake in shares of Sibanye Stillwater during the fourth quarter worth $25,000. Ameriprise Financial Inc. bought a new position in Sibanye Stillwater during the fourth quarter worth about $35,000. Peapack Gladstone Financial Corp acquired a new stake in Sibanye Stillwater in the 4th quarter worth about $41,000. Rhumbline Advisers boosted its holdings 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 period. Finally, Atomi Financial Group Inc. acquired a new position in shares of Sibanye Stillwater during the 4th quarter worth approximately $43,000. 34.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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 stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Sibanye Stillwater presently has an average rating of "Hold" and a consensus target price of $5.05.

Sibanye Stillwater Price Performance

SBSW traded down $0.09 on Tuesday, hitting $6.06. 6,874,199 shares of the stock were exchanged, compared to its average volume of 7,358,174. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 11.64 and a beta of 0.59. 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 12 month low of $3.05 and a 12 month high of $6.17. The business has a 50-day moving average of $4.61 and a two-hundred day moving average of $4.07.

Sibanye Stillwater Company 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.