Voloridge Investment Management LLC Has $3.80 Million Stake in Sibanye Stillwater Limited (NYSE:SBSW)

Voloridge Investment Management LLC lowered its position in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 57.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

A number of other large investors also recently made changes to their positions in the company. Lingotto Investment Management LLP increased its stake in shares of Sibanye Stillwater by 1.0% during the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock worth $91,733,000 after purchasing an additional 286,195 shares during the period. D. E. Shaw & Co. Inc. grew its position in Sibanye Stillwater by 28.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company's stock worth $21,588,000 after buying an additional 1,439,882 shares in the last quarter. Invesco Ltd. grew its position in Sibanye Stillwater by 0.6% during the fourth quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock worth $15,122,000 after buying an additional 26,400 shares in the last quarter. Two Sigma Advisers LP grew its position in Sibanye Stillwater by 13.4% during the fourth quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company's stock worth $11,138,000 after buying an additional 400,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Sibanye Stillwater by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,971,911 shares of the company's stock worth $9,803,000 after buying an additional 221,266 shares in the last quarter. Institutional investors own 34.93% of the company's stock.

Analyst Upgrades and Downgrades

SBSW has been the topic of a number of analyst reports. Royal Bank of Canada raised Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Wall Street Zen downgraded Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $5.05.

Sibanye Stillwater Price Performance

Shares of SBSW stock traded down $0.10 during trading hours on Friday, reaching $6.10. The company's stock had a trading volume of 12,057,633 shares, compared to its average volume of 7,445,349. The firm's 50 day simple moving average is $4.75 and its 200-day simple moving average is $4.13. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 11.73 and a beta of 0.59. Sibanye Stillwater Limited has a fifty-two week low of $3.05 and a fifty-two week high of $6.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

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.