Sibanye Stillwater Sees Unusually High Options Volume (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSW) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 10,483 call options on the stock. This is an increase of approximately 200% compared to the average volume of 3,494 call options.

Sibanye Stillwater Stock Performance

Sibanye Stillwater stock opened at $4.91 on Thursday. Sibanye Stillwater has a fifty-two week low of $3.05 and a fifty-two week 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. The stock has a market cap of $3.47 billion, a P/E ratio of 9.44 and a beta of 1.08. The firm’s fifty day moving average price is $3.93 and its 200-day moving average price is $3.99.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company 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 stock. According to MarketBeat, Sibanye Stillwater has an average rating of “Hold” and a consensus price target of $5.05.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds have recently added to or reduced their stakes in SBSW. Itau Unibanco Holding S.A. purchased a new position in shares of Sibanye Stillwater during the 4th quarter valued at about $25,000. Ameriprise Financial Inc. bought a new position in Sibanye Stillwater during the fourth quarter valued at approximately $35,000. Blankinship & Foster LLC purchased a new position in shares of Sibanye Stillwater during the third quarter worth approximately $41,000. Peapack Gladstone Financial Corp bought a new stake in shares of Sibanye Stillwater in the 4th quarter worth approximately $41,000. Finally, Rhumbline Advisers boosted its stake in shares of Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after purchasing an additional 3,120 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

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.