Vident Advisory LLC Buys 42,219 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Vident Advisory LLC grew its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,422 shares of the company's stock after purchasing an additional 42,219 shares during the period. Vident Advisory LLC's holdings in Sibanye Stillwater were worth $717,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SBSW. Atomi Financial Group Inc. bought a new stake in shares of Sibanye Stillwater during the 4th quarter valued at about $43,000. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Sibanye Stillwater by 854.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 54,345 shares of the company's stock worth $179,000 after acquiring an additional 48,650 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in Sibanye Stillwater during the fourth quarter worth about $86,000. Goehring & Rozencwajg Associates LLC bought a new stake in Sibanye Stillwater during the fourth quarter worth about $9,446,000. Finally, Van ECK Associates Corp boosted its stake in Sibanye Stillwater by 45.3% during the fourth quarter. Van ECK Associates Corp now owns 109,674 shares of the company's stock worth $362,000 after acquiring an additional 34,206 shares in the last quarter. Institutional investors own 34.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $4.70 to $5.30 in a research note on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $5.05.

Sibanye Stillwater Stock Down 1.0%

NYSE:SBSW traded down $0.07 during mid-day trading on Friday, hitting $6.14. 5,048,673 shares of the company's stock were exchanged, compared to its average volume of 7,406,319. Sibanye Stillwater Limited has a one year low of $3.05 and a one year high of $6.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The business has a fifty day moving average price of $4.72 and a 200 day moving average price of $4.12. The company has a market cap of $4.34 billion, a PE ratio of 11.80 and a beta of 0.59.

Sibanye Stillwater 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.