Virtu Financial LLC Takes $130,000 Position in Sibanye Stillwater Limited (NYSE:SBSW)

Virtu Financial LLC bought a new position in shares of Sibanye Stillwater Limited (NYSE:SBSW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,287 shares of the company’s stock, valued at approximately $130,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBSW. Cadence Wealth Management LLC grew its holdings in Sibanye Stillwater by 5.2% in the 4th quarter. Cadence Wealth Management LLC now owns 97,466 shares of the company’s stock valued at $322,000 after buying an additional 4,815 shares during the period. Corient Private Wealth LLC boosted its position in shares of Sibanye Stillwater by 373.4% in the fourth quarter. Corient Private Wealth LLC now owns 69,294 shares of the company’s stock worth $229,000 after acquiring an additional 54,655 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Sibanye Stillwater by 100.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 75,858 shares of the company’s stock valued at $250,000 after purchasing an additional 37,949 shares during the period. Banco Santander S.A. raised its stake in Sibanye Stillwater by 16.9% during the fourth quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock worth $99,000 after purchasing an additional 4,344 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at $5,814,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.05.

Sibanye Stillwater Price Performance

SBSW opened at $4.38 on Monday. The company has a 50 day moving average of $3.84 and a two-hundred day moving average of $4.00. 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 52-week low of $3.05 and a 52-week high of $5.93. The company has a market cap of $3.10 billion, a P/E ratio of 8.41 and a beta of 1.59.

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.