Sibanye Stillwater Limited (NYSE:SBSW) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 32.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 673,847 shares of the company’s stock after selling 318,070 shares during the period. Cubist Systematic Strategies LLC owned 0.10% of Sibanye Stillwater worth $2,224,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Lingotto Investment Management LLP boosted its holdings 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 buying an additional 286,195 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Sibanye Stillwater by 0.6% in the 4th quarter. Invesco Ltd. now owns 4,582,354 shares of the company’s stock valued at $15,122,000 after buying an additional 26,400 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sibanye Stillwater by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,971,911 shares of the company’s stock valued at $9,803,000 after buying an additional 221,266 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at $9,446,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at $5,814,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Stillwater Trading Up 2.6%

Shares of SBSW stock opened at $5.11 on Monday. The company has a market capitalization of $3.62 billion, a P/E ratio of 9.83 and a beta of 0.59. 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 business’s 50 day moving average is $4.33 and its two-hundred day moving average is $4.04. Sibanye Stillwater Limited has a twelve month low of $3.05 and a twelve month high of $5.91.

Wall Street Analyst Weigh In

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

Sibanye Stillwater 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.