Sibanye Stillwater Limited (NYSE:SBSW) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 756,400 shares of the company’s stock after selling 119,431 shares during the quarter. Jump Financial LLC’s holdings in Sibanye Stillwater were worth $2,496,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Lingotto Investment Management LLP lifted its stake in shares of Sibanye Stillwater by 1.0% in the 4th quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock valued at $91,733,000 after purchasing an additional 286,195 shares in the last quarter. Invesco Ltd. grew its stake in Sibanye Stillwater by 0.6% during the fourth quarter. Invesco Ltd. now owns 4,582,354 shares of the company’s stock worth $15,122,000 after buying an additional 26,400 shares during the period. Goehring & Rozencwajg Associates LLC acquired a new stake in shares of Sibanye Stillwater in the fourth quarter worth $9,446,000. Raymond James Financial Inc. acquired a new position in shares of Sibanye Stillwater during the 4th quarter valued at $5,814,000. Finally, American Century Companies Inc. boosted its position in Sibanye Stillwater by 5.5% during the 4th quarter. American Century Companies Inc. now owns 1,410,961 shares of the company’s stock worth $4,656,000 after purchasing an additional 73,368 shares during the period. 34.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and raised their target price 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 given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.05.

Sibanye Stillwater Stock Up 1.7 %

Sibanye Stillwater stock opened at $4.99 on Friday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 9.59 and a beta of 1.08. The company has a 50-day simple moving average of $3.97 and a 200-day simple moving average of $4.00. Sibanye Stillwater Limited has a one year low of $3.05 and a one year high of $5.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

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.