Sibanye Stillwater Limited (NYSE:SBSW) Position Boosted by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 14.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,936 shares of the company’s stock after buying an additional 16,540 shares during the period. Squarepoint Ops LLC’s holdings in Sibanye Stillwater were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SBSW. Lingotto Investment Management LLP lifted its holdings in Sibanye Stillwater by 1.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock valued at $99,186,000 after acquiring an additional 416,399 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Sibanye Stillwater by 3,256.8% during the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock valued at $23,121,000 after purchasing an additional 5,156,931 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Sibanye Stillwater by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 1,123,276 shares of the company’s stock valued at $4,886,000 after purchasing an additional 90,063 shares during the period. Cubist Systematic Strategies LLC increased its stake in Sibanye Stillwater by 53.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock worth $4,385,000 after purchasing an additional 349,835 shares in the last quarter. Finally, Monaco Asset Management SAM raised its holdings in Sibanye Stillwater by 4.8% during the 2nd quarter. Monaco Asset Management SAM now owns 1,000,000 shares of the company’s stock worth $4,350,000 after buying an additional 45,642 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SBSW has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. lowered their price objective on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, Sibanye Stillwater has a consensus rating of “Hold” and an average target price of $5.17.

Sibanye Stillwater Price Performance

NYSE SBSW opened at $4.38 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The company has a 50 day simple moving average of $4.13 and a 200-day simple moving average of $4.59. Sibanye Stillwater Limited has a 52-week low of $3.08 and a 52-week high of $6.21.

About Sibanye Stillwater

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.