Trek Financial LLC Buys Shares of 849,528 Sibanye Stillwater Limited (NYSE:SBSW)

Trek Financial LLC acquired a new stake in Sibanye Stillwater Limited (NYSE:SBSW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 849,528 shares of the company’s stock, valued at approximately $2,803,000. Trek Financial LLC owned 0.12% of Sibanye Stillwater at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blankinship & Foster LLC purchased a new position in shares of Sibanye Stillwater during the 3rd quarter worth $41,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Sibanye Stillwater in the 4th quarter valued at approximately $41,000. Rhumbline Advisers lifted its holdings in shares of Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after acquiring an additional 3,120 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Sibanye Stillwater during the 4th quarter worth approximately $43,000. Finally, Sprott Inc. acquired a new stake in Sibanye Stillwater in the 4th quarter valued at approximately $52,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Stillwater Price Performance

Sibanye Stillwater stock opened at $3.44 on Friday. Sibanye Stillwater Limited has a 52-week low of $3.05 and a 52-week high of $5.93. The company’s 50 day moving average is $3.90 and its two-hundred day moving average is $4.01. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.43 billion, a PE ratio of 6.61 and a beta of 1.08.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $4.70 to $5.30 in a research note on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Sibanye Stillwater has a consensus rating of “Hold” and a consensus target price of $5.05.

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.