Sibanye Stillwater Limited (NYSE:SBSW) Shares Bought by Raymond James & Associates

Raymond James & Associates increased its holdings in Sibanye Stillwater Limited (NYSE:SBSW) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,676,719 shares of the company’s stock after acquiring an additional 131,990 shares during the quarter. Raymond James & Associates owned approximately 0.24% of Sibanye Stillwater worth $6,891,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after acquiring an additional 8,885 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Sibanye Stillwater during the third quarter worth about $46,000. Pine Valley Investments Ltd Liability Co acquired a new position in Sibanye Stillwater in the second quarter worth about $64,000. Aprio Wealth Management LLC bought a new stake in Sibanye Stillwater in the second quarter valued at about $65,000. Finally, EverSource Wealth Advisors LLC raised its stake in Sibanye Stillwater by 130.1% during the second quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company’s stock valued at $69,000 after buying an additional 8,607 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Price Performance

SBSW stock opened at $4.89 on Thursday. The firm’s 50-day moving average is $4.22 and its two-hundred day moving average is $4.53. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. Sibanye Stillwater Limited has a 52 week low of $3.08 and a 52 week high of $5.93.

Analyst Ratings Changes

Several analysts have weighed in on SBSW shares. BMO Capital Markets lowered 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 research note on Friday, September 13th. Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.17.

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.