Raymond James Financial Services Advisors Inc. Has $1.01 Million Stake in Sibanye Stillwater Limited (NYSE:SBSW)

Raymond James Financial Services Advisors Inc. boosted its position in shares of Sibanye Stillwater Limited (NYSE:SBSWGet Rating) by 95.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,315 shares of the company’s stock after acquiring an additional 52,919 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Sibanye Stillwater were worth $1,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC lifted its position in Sibanye Stillwater by 4.8% during the 1st quarter. Advisory Services Network LLC now owns 29,356 shares of the company’s stock worth $476,000 after acquiring an additional 1,341 shares during the last quarter. US Bancorp DE lifted its position in Sibanye Stillwater by 59.3% during the 2nd quarter. US Bancorp DE now owns 4,236 shares of the company’s stock worth $42,000 after acquiring an additional 1,577 shares during the last quarter. Samalin Investment Counsel LLC lifted its position in Sibanye Stillwater by 146.0% during the 1st quarter. Samalin Investment Counsel LLC now owns 3,075 shares of the company’s stock worth $50,000 after acquiring an additional 1,825 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Sibanye Stillwater by 17.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,582 shares of the company’s stock worth $221,000 after acquiring an additional 2,058 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Sibanye Stillwater during the 1st quarter worth $45,000. Institutional investors and hedge funds own 6.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SBSW shares. Investec upgraded shares of Sibanye Stillwater from a “hold” rating to a “buy” rating in a report on Friday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Sibanye Stillwater from $10.00 to $13.00 in a report on Tuesday, January 10th. Finally, Royal Bank of Canada dropped their price objective on shares of Sibanye Stillwater from $12.00 to $11.00 and set a “sector perform” rating on the stock in a report on Monday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.73.

Sibanye Stillwater Stock Performance

NYSE SBSW opened at $11.61 on Friday. The stock has a market cap of $8.21 billion, a P/E ratio of 5.92 and a beta of 1.48. The company’s 50-day simple moving average is $10.95 and its 200 day simple moving average is $10.01. Sibanye Stillwater Limited has a twelve month low of $8.00 and a twelve month high of $20.64. The company has a quick ratio of 1.93, a current ratio of 3.37 and a debt-to-equity ratio of 0.24.

About Sibanye Stillwater

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Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.

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Institutional Ownership by Quarter for Sibanye Stillwater (NYSE:SBSW)

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