Sibanye Stillwater Target of Unusually High Options Trading (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSWGet Free Report) was the target of some unusual options trading on Friday. Investors purchased 7,337 put options on the stock. This represents an increase of approximately 101% compared to the average daily volume of 3,648 put options.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC purchased a new stake in Sibanye Stillwater in the fourth quarter valued at $223,000. Scarborough Advisors LLC purchased a new stake in shares of Sibanye Stillwater during the 4th quarter worth about $28,000. NFJ Investment Group LLC boosted its stake in shares of Sibanye Stillwater by 8.8% during the 4th quarter. NFJ Investment Group LLC now owns 151,999 shares of the company’s stock worth $825,000 after acquiring an additional 12,335 shares in the last quarter. Wexford Capital LP boosted its stake in shares of Sibanye Stillwater by 50.1% during the 4th quarter. Wexford Capital LP now owns 149,860 shares of the company’s stock worth $814,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Sibanye Stillwater by 20,604.8% during the 4th quarter. Barclays PLC now owns 269,163 shares of the company’s stock worth $1,461,000 after purchasing an additional 267,863 shares during the last quarter. 7.99% of the stock is owned by hedge funds and other institutional investors.

Sibanye Stillwater Stock Down 1.5 %

Shares of SBSW opened at $4.55 on Friday. Sibanye Stillwater has a 1-year low of $3.85 and a 1-year high of $9.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97. The company’s fifty day moving average price is $4.52 and its 200-day moving average price is $5.07.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets downgraded shares of Sibanye Stillwater from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $11.00 to $6.00 in a research note on Tuesday, December 5th. Royal Bank of Canada reduced their price objective on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Friday, March 1st. Finally, Jefferies Financial Group downgraded Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.00.

View Our Latest Analysis on SBSW

Sibanye Stillwater Company Profile

(Get Free Report)

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.

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