Dynamic Technology Lab Private Ltd Invests $123,000 in Sibanye Stillwater Limited (NYSE:SBSW)

Dynamic Technology Lab Private Ltd purchased a new stake in Sibanye Stillwater Limited (NYSE:SBSW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,216 shares of the company’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBSW. Blankinship & Foster LLC acquired a new position in shares of Sibanye Stillwater during the third quarter valued at about $41,000. Rhumbline Advisers boosted its stake in Sibanye Stillwater by 32.3% during 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 last quarter. Atomi Financial Group Inc. bought a new stake in Sibanye Stillwater during the 4th quarter worth approximately $43,000. Sprott Inc. bought a new position in shares of Sibanye Stillwater in the fourth quarter valued at approximately $52,000. Finally, FNY Investment Advisers LLC lifted its holdings in shares of Sibanye Stillwater by 1,572.2% in the fourth 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 in the last quarter. Institutional investors own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and increased 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.05.

Sibanye Stillwater Stock Performance

SBSW stock opened at $4.38 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3.10 billion, a PE ratio of 8.41 and a beta of 1.08. The business has a 50 day moving average of $3.89 and a 200-day moving average of $3.98. Sibanye Stillwater Limited has a 12-month low of $3.05 and a 12-month high of $5.91.

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.