403,490 Shares in Sibanye Stillwater Limited (NYSE:SBSW) Bought by ABC Arbitrage SA

ABC Arbitrage SA purchased a new position in shares of Sibanye Stillwater Limited (NYSE:SBSW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 403,490 shares of the company’s stock, valued at approximately $1,332,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC purchased a new position in Sibanye Stillwater in the 4th quarter valued at about $9,446,000. Two Sigma Advisers LP boosted its position in Sibanye Stillwater by 30.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after buying an additional 699,900 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Sibanye Stillwater in the 3rd quarter valued at about $2,367,000. Anthracite Investment Company Inc. boosted its position in Sibanye Stillwater by 114.3% in the 3rd quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock valued at $2,788,000 after buying an additional 361,685 shares during the last quarter. Finally, Bridgewater Associates LP boosted its position in Sibanye Stillwater by 10.9% in the 3rd quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock valued at $13,467,000 after buying an additional 321,037 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SBSW shares. HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research note on Monday, November 4th. Royal Bank of Canada cut their target price on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus price target of $4.79.

Sibanye Stillwater Trading Down 3.4 %

SBSW opened at $3.83 on Friday. Sibanye Stillwater Limited has a fifty-two week low of $3.08 and a fifty-two week high of $5.93. The company’s 50-day moving average price is $3.69 and its 200 day moving average price is $4.04. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

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.