Sibanye Stillwater Sees Unusually Large Options Volume (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Investors bought 17,188 call options on the stock. This represents an increase of approximately 196% compared to the average daily volume of 5,803 call options.

Analyst Upgrades and Downgrades

SBSW has been the subject of a number of recent research reports. Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Wall Street Zen downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $5.05.

Sibanye Stillwater Trading Up 3.2%

SBSW traded up $0.21 during trading on Friday, hitting $6.71. 8,764,706 shares of the company's stock were exchanged, compared to its average volume of 7,573,062. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Sibanye Stillwater has a 1 year low of $3.05 and a 1 year high of $6.95. The stock has a 50 day moving average price of $4.90 and a 200 day moving average price of $4.19. The firm has a market cap of $4.74 billion, a P/E ratio of 12.97 and a beta of 0.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Trek Financial LLC purchased a new position in shares of Sibanye Stillwater in the fourth quarter valued at $2,803,000. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at approximately $9,446,000. Lingotto Investment Management LLP raised its position in shares of 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 purchasing an additional 286,195 shares in the last quarter. CenterBook Partners LP bought a new position in Sibanye Stillwater during the 4th quarter valued at $903,000. Finally, ABC Arbitrage SA bought a new position in Sibanye Stillwater during the 4th quarter valued at $1,332,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

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.