Raymond James Financial Inc. Makes New $5.81 Million Investment in Sibanye Stillwater Limited (NYSE:SBSW)

Raymond James Financial Inc. bought a new position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,761,770 shares of the company's stock, valued at approximately $5,814,000. Raymond James Financial Inc. owned about 0.25% of Sibanye Stillwater as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBSW. Trek Financial LLC purchased a new stake in Sibanye Stillwater during the 4th quarter valued at $2,803,000. Goehring & Rozencwajg Associates LLC bought a new stake in shares of Sibanye Stillwater in the fourth quarter worth $9,446,000. Lingotto Investment Management LLP increased its position in Sibanye Stillwater by 1.0% during the fourth 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 last quarter. ABC Arbitrage SA bought a new position in Sibanye Stillwater in the fourth quarter valued at about $1,332,000. Finally, Rhumbline Advisers grew its stake in shares of Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after purchasing an additional 3,120 shares during the period. Institutional investors own 34.93% of the company's stock.

Sibanye Stillwater Stock Performance

Shares of NYSE:SBSW traded up $0.08 during mid-day trading on Wednesday, reaching $4.64. 7,946,756 shares of the company traded hands, compared to its average volume of 7,151,369. Sibanye Stillwater Limited has a 52 week low of $3.05 and a 52 week high of $5.91. The firm has a market cap of $3.28 billion, a PE ratio of 8.92 and a beta of 1.08. The company's 50 day moving average price is $4.12 and its 200-day moving average price is $4.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Analyst Ratings Changes

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

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.