Sibanye Stillwater Limited (NYSE:SBSW) Shares Bought by Aire Advisors LLC

Aire Advisors LLC boosted its position in Sibanye Stillwater Limited (NYSE:SBSW) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,060 shares of the company’s stock after purchasing an additional 3,060 shares during the quarter. Aire Advisors LLC’s holdings in Sibanye Stillwater were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater during the 4th quarter valued at about $9,446,000. Raymond James Financial Inc. acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at $5,814,000. Two Sigma Advisers LP raised its position in shares of Sibanye Stillwater by 30.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after buying an additional 699,900 shares during the period. Point72 Asset Management L.P. acquired a new position in Sibanye Stillwater in the third quarter valued at $2,367,000. Finally, ABC Arbitrage SA purchased a new stake in Sibanye Stillwater during the fourth quarter valued at about $1,332,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sibanye Stillwater Stock Down 0.8 %

Shares of SBSW stock opened at $4.34 on Tuesday. 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 business’s fifty day moving average is $3.77 and its 200-day moving average is $3.98. Sibanye Stillwater Limited has a 1 year low of $3.05 and a 1 year high of $5.93. The stock has a market cap of $3.07 billion, a PE ratio of 8.34 and a beta of 1.59.

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.