Raymond James Financial Services Advisors Inc. increased its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW – Get Rating) by 95.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,315 shares of the company’s stock after acquiring an additional 52,919 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Sibanye Stillwater were worth $1,009,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of SBSW. Advisor Group Holdings Inc. raised its stake in Sibanye Stillwater by 142.6% during the first quarter. Advisor Group Holdings Inc. now owns 16,074 shares of the company’s stock worth $260,000 after acquiring an additional 9,448 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Sibanye Stillwater by 26.2% in the first quarter. JPMorgan Chase & Co. now owns 355,142 shares of the company’s stock valued at $5,765,000 after purchasing an additional 73,747 shares during the period. American Century Companies Inc. increased its stake in shares of Sibanye Stillwater by 95.6% in the first quarter. American Century Companies Inc. now owns 154,584 shares of the company’s stock valued at $2,509,000 after purchasing an additional 75,545 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Sibanye Stillwater in the first quarter valued at approximately $392,000. Finally, Citigroup Inc. increased its stake in shares of Sibanye Stillwater by 8.7% in the first quarter. Citigroup Inc. now owns 92,903 shares of the company’s stock valued at $1,508,000 after purchasing an additional 7,432 shares during the period. Institutional investors and hedge funds own 6.81% of the company’s stock.
Sibanye Stillwater Trading Up 1.7 %
Sibanye Stillwater stock opened at $11.61 on Friday. The firm has a 50 day simple moving average of $10.95 and a 200-day simple moving average of $10.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 1.93. The stock has a market capitalization of $8.21 billion, a PE ratio of 5.92 and a beta of 1.48. Sibanye Stillwater Limited has a 12-month low of $8.00 and a 12-month high of $20.64.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Investec upgraded shares of Sibanye Stillwater from a “hold” rating to a “buy” rating in a research note on Friday, September 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Sibanye Stillwater from $10.00 to $13.00 in a research note on Tuesday, January 10th. Finally, Royal Bank of Canada dropped their price target on shares of Sibanye Stillwater from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Monday, October 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.73.
Sibanye Stillwater Company Profile
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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