Sibanye Stillwater Limited (NYSE:SBSW) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Sibanye Stillwater Limited (NYSE:SBSW) by 57.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,208 shares of the company’s stock after selling 21,563 shares during the quarter. SG Americas Securities LLC’s holdings in Sibanye Stillwater were worth $53,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SBSW. Creative Planning grew its position in Sibanye Stillwater by 40.9% in the third quarter. Creative Planning now owns 166,184 shares of the company’s stock worth $683,000 after buying an additional 48,228 shares during the last quarter. Blue Trust Inc. grew its position in Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after buying an additional 8,885 shares during the last quarter. Raymond James & Associates grew its position in Sibanye Stillwater by 8.5% in the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock worth $6,891,000 after buying an additional 131,990 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Sibanye Stillwater in the third quarter worth approximately $79,000. Finally, Signaturefd LLC grew its position in Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after buying an additional 2,241 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Stillwater Stock Performance

SBSW stock opened at $3.95 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. Sibanye Stillwater Limited has a 1 year low of $3.08 and a 1 year high of $5.93. The company has a fifty day simple moving average of $3.69 and a 200 day simple moving average of $4.04.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research note on Monday, November 4th. Finally, Royal Bank of Canada decreased their target price on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, Sibanye Stillwater presently has an average rating of “Hold” and an average target price of $4.79.

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.