Sibanye Stillwater Limited (NYSE:SBSW) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its position in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 60.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 684,011 shares of the company's stock after selling 1,047,302 shares during the period. Millennium Management LLC owned about 0.10% of Sibanye Stillwater worth $2,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Aire Advisors LLC increased its position in shares of Sibanye Stillwater by 5.3% during the fourth quarter. Aire Advisors LLC now owns 61,060 shares of the company's stock worth $201,000 after acquiring an additional 3,060 shares during the period. Rhumbline Advisers grew its stake in Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock worth $42,000 after purchasing an additional 3,120 shares in the last quarter. Banco Santander S.A. grew its stake in Sibanye Stillwater by 16.9% during the 4th quarter. Banco Santander S.A. now owns 29,974 shares of the company's stock worth $99,000 after purchasing an additional 4,344 shares in the last quarter. United Capital Financial Advisors LLC increased its holdings in Sibanye Stillwater by 32.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company's stock worth $65,000 after purchasing an additional 4,768 shares during the period. Finally, Cadence Wealth Management LLC raised its position in Sibanye Stillwater by 5.2% in the 4th quarter. Cadence Wealth Management LLC now owns 97,466 shares of the company's stock valued at $322,000 after purchasing an additional 4,815 shares in the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SBSW has been the subject of a number of analyst reports. Wall Street Zen downgraded Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday. 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 report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Sibanye Stillwater currently has a consensus rating of "Hold" and an average price target of $5.05.

Sibanye Stillwater Stock Down 2.3%

Shares of SBSW traded down $0.15 during mid-day trading on Tuesday, reaching $6.17. The company's stock had a trading volume of 8,404,186 shares, compared to its average volume of 7,471,401. The company's 50 day moving average is $4.79 and its 200 day moving average is $4.15. The stock has a market cap of $4.37 billion, a PE ratio of 11.87 and a beta of 0.59. Sibanye Stillwater Limited has a 12-month low of $3.05 and a 12-month high of $6.40. 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.