JPMorgan Chase & Co. grew its stake in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 283.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,489 shares of the company's stock after purchasing an additional 78,745 shares during the quarter. JPMorgan Chase & Co.'s holdings in Sibanye Stillwater were worth $351,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Lingotto Investment Management LLP increased its position in Sibanye Stillwater by 1.0% in the 4th quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock valued at $91,733,000 after acquiring an additional 286,195 shares during the period. Goehring & Rozencwajg Associates LLC bought a new stake in shares of Sibanye Stillwater in the 4th quarter worth $9,446,000. Raymond James Financial Inc. acquired a new stake in shares of Sibanye Stillwater in the fourth quarter valued at $5,814,000. American Century Companies Inc. grew its holdings in Sibanye Stillwater by 5.5% during the fourth quarter. American Century Companies Inc. now owns 1,410,961 shares of the company's stock worth $4,656,000 after acquiring an additional 73,368 shares during the period. Finally, TSP Capital Management Group LLC grew its holdings 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 acquiring an additional 81,400 shares during the period. Institutional investors own 34.93% of the company's stock.
Sibanye Stillwater Stock Down 0.2 %
SBSW traded down $0.01 on Thursday, reaching $5.05. 1,409,806 shares of the company traded hands, compared to its average volume of 7,163,508. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 9.71 and a beta of 0.59. 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 stock's 50 day moving average price is $4.26 and its 200-day moving average price is $4.04. Sibanye Stillwater Limited has a 52-week low of $3.05 and a 52-week high of $5.91.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $4.70 to $5.30 in a report 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $5.05.
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About Sibanye Stillwater
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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.
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