Millennium Management LLC Has $2.26 Million Position in Sibanye Stillwater Limited (NYSE:SBSW)

Millennium Management LLC reduced 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 & Exchange Commission. The firm owned 684,011 shares of the company's stock after selling 1,047,302 shares during the quarter. Millennium Management LLC owned 0.10% of Sibanye Stillwater worth $2,257,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC purchased a new position in Sibanye Stillwater in the fourth quarter valued at about $9,446,000. Raymond James Financial Inc. purchased a new stake in shares of Sibanye Stillwater during the 4th quarter worth about $5,814,000. D. E. Shaw & Co. Inc. raised its stake in shares of Sibanye Stillwater by 28.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company's stock worth $21,588,000 after purchasing an additional 1,439,882 shares in the last quarter. Northern Trust Corp raised its stake in shares of Sibanye Stillwater by 1,673.5% during the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company's stock worth $3,347,000 after purchasing an additional 957,103 shares in the last quarter. Finally, Trek Financial LLC purchased a new stake in shares of Sibanye Stillwater during the 4th quarter worth about $2,803,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Stillwater Stock Up 7.9%

Sibanye Stillwater stock traded up $0.48 during mid-day trading on Thursday, hitting $6.51. 29,585,392 shares of the company's stock were exchanged, compared to its average volume of 7,563,745. 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 stock has a market cap of $4.60 billion, a P/E ratio of 12.51 and a beta of 0.72. Sibanye Stillwater Limited has a 1-year low of $3.05 and a 1-year high of $6.75. The stock has a 50 day moving average of $4.90 and a two-hundred day moving average of $4.19.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SBSW shares. Wall Street Zen downgraded Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Royal Bank of Canada raised shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.05.

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.