Cubist Systematic Strategies LLC Sells 318,070 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Cubist Systematic Strategies LLC reduced its position in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 32.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 673,847 shares of the company's stock after selling 318,070 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.10% of Sibanye Stillwater worth $2,224,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Trek Financial LLC acquired a new position in shares of Sibanye Stillwater during the fourth quarter worth $2,803,000. Goehring & Rozencwajg Associates LLC acquired a new stake in Sibanye Stillwater in the fourth quarter valued at $9,446,000. Lingotto Investment Management LLP increased its holdings in Sibanye Stillwater by 1.0% in the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock valued at $91,733,000 after purchasing an additional 286,195 shares during the period. CenterBook Partners LP acquired a new stake in Sibanye Stillwater in the fourth quarter valued at $903,000. Finally, ABC Arbitrage SA acquired a new stake in Sibanye Stillwater in the fourth quarter valued at $1,332,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sibanye Stillwater Trading Up 3.1%

SBSW traded up $0.14 during trading on Thursday, reaching $4.71. 9,611,085 shares of the stock traded hands, compared to its average volume of 7,223,516. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $3.33 billion, a PE ratio of 9.06 and a beta of 0.59. The stock's 50-day moving average is $4.38 and its 200 day moving average is $4.05. Sibanye Stillwater Limited has a 12 month low of $3.05 and a 12 month high of $5.91.

Sibanye Stillwater 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.