Stock Traders Purchase High Volume of Call Options on Sibanye Stillwater (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) was the recipient of some unusual options trading on Tuesday. Traders bought 7,028 call options on the stock. This is an increase of approximately 98% compared to the typical daily volume of 3,555 call options.

Sibanye Stillwater Stock Performance

Shares of SBSW traded up $0.17 during mid-day trading on Tuesday, hitting $5.68. 12,700,310 shares of the company's stock were exchanged, compared to its average volume of 5,759,071. Sibanye Stillwater has a fifty-two week low of $3.85 and a fifty-two week high of $9.88. The business's 50 day moving average is $4.54 and its two-hundred day moving average is $4.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds have recently made changes to their positions in SBSW. Lingotto Investment Management LLP boosted its stake in shares of Sibanye Stillwater by 28.5% during the fourth quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company's stock worth $119,283,000 after buying an additional 4,865,997 shares during the period. Morgan Stanley lifted its position in Sibanye Stillwater by 163.2% in the third quarter. Morgan Stanley now owns 3,519,048 shares of the company's stock valued at $21,713,000 after purchasing an additional 2,181,973 shares during the period. Goldman Sachs Group Inc. lifted its position in Sibanye Stillwater by 71.8% in the second quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company's stock valued at $39,658,000 after purchasing an additional 1,662,361 shares during the period. AQR Capital Management LLC lifted its position in Sibanye Stillwater by 32.9% in the third quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company's stock valued at $31,045,000 after purchasing an additional 1,244,715 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Sibanye Stillwater by 71.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,084,142 shares of the company's stock valued at $33,826,000 after purchasing an additional 866,039 shares during the period. Institutional investors and hedge funds own 34.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SBSW shares. Jefferies Financial Group downgraded shares of Sibanye Stillwater from a "buy" rating to a "sell" rating in a research note on Wednesday, March 13th. Royal Bank of Canada decreased their price objective on shares of Sibanye Stillwater from $6.00 to $5.00 and set a "sector perform" rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Sibanye Stillwater has an average rating of "Hold" and an average target price of $6.00.

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.