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

Voloridge Investment Management LLC cut its position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 57.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,150,801 shares of the company's stock after selling 1,551,460 shares during the period. Voloridge Investment Management LLC owned 0.16% of Sibanye Stillwater worth $3,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SBSW. Atomi Financial Group Inc. acquired a new stake in shares of Sibanye Stillwater in the fourth quarter worth approximately $43,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Sibanye Stillwater during the fourth quarter worth $86,000. Goehring & Rozencwajg Associates LLC acquired a new position in Sibanye Stillwater during the fourth quarter worth $9,446,000. 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 buying an additional 34,206 shares during the last quarter. Finally, TSP Capital Management Group LLC boosted its stake in Sibanye Stillwater by 8.2% during the fourth quarter. TSP Capital Management Group LLC now owns 1,075,175 shares of the company's stock worth $3,548,000 after buying an additional 81,400 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.05.

Sibanye Stillwater Stock Down 1.6%

Shares of NYSE:SBSW traded down $0.10 on Friday, hitting $6.10. 12,057,633 shares of the company's stock were exchanged, compared to its average volume of 7,432,599. The firm's 50-day moving average is $4.72 and its 200 day moving average is $4.12. The company has a market capitalization of $4.32 billion, a PE ratio of 11.73 and a beta of 0.59. Sibanye Stillwater Limited has a 1-year low of $3.05 and a 1-year high of $6.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

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.