Investors Buy Large Volume of Sibanye Stillwater Call Options (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) saw unusually large options trading on Thursday. Investors acquired 17,188 call options on the company. This represents an increase of approximately 196% compared to the typical daily volume of 5,803 call options.

Institutional Investors Weigh In On Sibanye Stillwater

Institutional investors have recently added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC purchased a new position in Sibanye Stillwater in the fourth quarter worth $9,446,000. Millennium Management LLC boosted its holdings in shares of Sibanye Stillwater by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock worth $14,526,000 after buying an additional 2,487,648 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Sibanye Stillwater by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock valued at $16,379,000 after buying an additional 2,370,443 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Sibanye Stillwater by 332.6% during the first quarter. Cubist Systematic Strategies LLC now owns 2,914,873 shares of the company's stock worth $13,350,000 after buying an additional 2,241,026 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Sibanye Stillwater in the fourth quarter worth about $5,814,000. 34.93% of the stock is owned by institutional investors.

Sibanye Stillwater Stock Up 3.7%

Shares of NYSE:SBSW traded up $0.24 during trading on Friday, reaching $6.74. 19,891,508 shares of the stock were exchanged, compared to its average volume of 7,622,490. Sibanye Stillwater has a 1-year low of $3.05 and a 1-year high of $6.87. The stock has a fifty day moving average of $4.95 and a two-hundred day moving average of $4.21. 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 firm has a market cap of $4.77 billion, a price-to-earnings ratio of 12.96 and a beta of 0.72.

Wall Street Analyst Weigh In

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