Peapack Gladstone Financial Corp Takes $41,000 Position in Sibanye Stillwater Limited (NYSE:SBSW)

Peapack Gladstone Financial Corp acquired a new stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,350 shares of the company’s stock, valued at approximately $41,000.

Several other institutional investors have also recently modified their holdings of SBSW. Blankinship & Foster LLC purchased a new stake in Sibanye Stillwater in the 3rd quarter worth approximately $41,000. Rhumbline Advisers lifted 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 during the period. Atomi Financial Group Inc. purchased a new position in shares of Sibanye Stillwater in the 4th quarter valued at approximately $43,000. Sprott Inc. purchased a new position in shares of Sibanye Stillwater in the 4th quarter valued at approximately $52,000. Finally, FNY Investment Advisers LLC lifted its stake in shares of Sibanye Stillwater by 1,572.2% in the 4th quarter. FNY Investment Advisers LLC now owns 20,000 shares of the company’s stock valued at $66,000 after purchasing an additional 18,804 shares during the period. 34.93% of the stock is currently owned by institutional investors.

Sibanye Stillwater Trading Up 18.2 %

SBSW opened at $3.81 on Thursday. 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 $2.69 billion, a price-to-earnings ratio of 7.32 and a beta of 1.08. The stock’s 50 day moving average price is $3.88 and its 200-day moving average price is $3.99. Sibanye Stillwater Limited has a one year low of $3.05 and a one year high of $5.91.

Wall Street Analysts Forecast Growth

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

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.