Sibanye Stillwater Target of Unusually Large Options Trading (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 10,483 call options on the company. This is an increase of 200% compared to the typical volume of 3,494 call options.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and boosted their price target for the company 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $5.05.

Sibanye Stillwater Stock Up 1.7 %

Shares of NYSE SBSW traded up $0.09 during mid-day trading on Friday, hitting $4.99. The company had a trading volume of 18,190,684 shares, compared to its average volume of 7,037,824. Sibanye Stillwater has a one year low of $3.05 and a one year high of $5.91. The company has a market capitalization of $3.53 billion, a PE ratio of 9.59 and a beta of 1.08. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm has a 50-day simple moving average of $3.97 and a two-hundred day simple moving average of $4.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SBSW. Itau Unibanco Holding S.A. acquired a new position in Sibanye Stillwater during the fourth quarter worth $25,000. Ameriprise Financial Inc. acquired a new position in Sibanye Stillwater in the 4th quarter valued at $35,000. Blankinship & Foster LLC acquired a new position in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $41,000. Peapack Gladstone Financial Corp bought a new stake in shares of Sibanye Stillwater during the 4th quarter worth approximately $41,000. Finally, Rhumbline Advisers increased its stake in shares of Sibanye Stillwater by 32.3% in 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 last quarter. 34.93% of the stock is currently owned by 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.