Barclays PLC Acquires New Stake in Sibanye Stillwater Limited (NYSE:SBSW)

Barclays PLC bought a new position in shares of Sibanye Stillwater Limited (NYSE:SBSW) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 80,000 shares of the company’s stock, valued at approximately $329,000.

A number of other institutional investors have also recently made changes to their positions in SBSW. Van ECK Associates Corp increased its position in Sibanye Stillwater by 8.4% during the 2nd quarter. Van ECK Associates Corp now owns 151,725 shares of the company’s stock valued at $660,000 after purchasing an additional 11,708 shares during the period. National Bank of Canada FI raised its stake in Sibanye Stillwater by 88.8% during the second quarter. National Bank of Canada FI now owns 23,386 shares of the company’s stock worth $99,000 after buying an additional 11,000 shares during the last quarter. Caprock Group LLC lifted its holdings in Sibanye Stillwater by 29.0% in the second quarter. Caprock Group LLC now owns 39,539 shares of the company’s stock valued at $172,000 after buying an additional 8,881 shares during the period. Monaco Asset Management SAM lifted its stake in shares of Sibanye Stillwater by 4.8% in the second quarter. Monaco Asset Management SAM now owns 1,000,000 shares of the company’s stock valued at $4,350,000 after buying an additional 45,642 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Sibanye Stillwater by 685.5% during the second quarter. Headlands Technologies LLC now owns 375,660 shares of the company’s stock worth $1,634,000 after acquiring an additional 327,837 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Hsbc Global Res downgraded Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target for the company. in a report on Monday, November 4th. Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets reduced 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. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Sibanye Stillwater currently has a consensus rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Stock Performance

Shares of Sibanye Stillwater stock opened at $3.37 on Friday. The firm has a market capitalization of $2.38 billion, a P/E ratio of 5.44 and a beta of 1.55. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $4.07 and its 200 day simple moving average is $4.22. Sibanye Stillwater Limited has a 12 month low of $3.08 and a 12 month high of $5.93.

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.