SBI Securities Co. Ltd. Invests $132,000 in Sibanye Stillwater Limited (NYSE:SBSW)

SBI Securities Co. Ltd. bought a new position in Sibanye Stillwater Limited (NYSE:SBSW) during the 4th quarter, HoldingsChannel reports. The fund bought 40,098 shares of the company’s stock, valued at approximately $132,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goehring & Rozencwajg Associates LLC purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $9,446,000. Two Sigma Advisers LP raised its holdings in shares of Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after purchasing an additional 699,900 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Sibanye Stillwater during the third quarter valued at approximately $2,367,000. ABC Arbitrage SA purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $1,332,000. Finally, Anthracite Investment Company Inc. raised its holdings in shares of Sibanye Stillwater by 114.3% during the third quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock valued at $2,788,000 after purchasing an additional 361,685 shares during the last quarter. Institutional investors own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price objective on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.79.

Sibanye Stillwater Stock Up 3.6 %

Shares of SBSW stock opened at $3.88 on Friday. Sibanye Stillwater Limited has a 12 month low of $3.05 and a 12 month high of $5.93. The stock has a market cap of $2.74 billion, a P/E ratio of 7.45 and a beta of 1.59. 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 company has a 50 day simple moving average of $3.61 and a two-hundred day simple moving average of $3.98.

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.