Stifel Financial Corp Sells 176,320 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Stifel Financial Corp decreased its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 55.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,150 shares of the company’s stock after selling 176,320 shares during the quarter. Stifel Financial Corp’s holdings in Sibanye Stillwater were worth $576,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SBSW. Creative Financial Designs Inc. ADV raised its stake in shares of Sibanye Stillwater by 40.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after purchasing an additional 2,200 shares in the last quarter. Blue Trust Inc. increased its holdings in Sibanye Stillwater by 1,931.5% during 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. Sivia Capital Partners LLC bought a new stake in Sibanye Stillwater during the third quarter worth $46,000. Signaturefd LLC raised its position in Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after acquiring an additional 2,241 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in Sibanye Stillwater in the second quarter valued at $64,000. Institutional investors own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a research report on Monday, November 4th. BMO Capital Markets cut their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. Finally, Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, Sibanye Stillwater currently has an average rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Trading Down 0.9 %

Shares of SBSW stock opened at $3.47 on Friday. Sibanye Stillwater Limited has a 12-month low of $3.08 and a 12-month high of $5.93. The company has a market capitalization of $2.46 billion, a PE ratio of 5.60 and a beta of 1.56. The firm has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $4.27. 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 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.