Sibanye Stillwater Limited (NYSE:SBSW) Stock Position Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 93.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,744 shares of the company’s stock after selling 376,664 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sibanye Stillwater were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Squarepoint Ops LLC boosted its stake in shares of Sibanye Stillwater by 14.3% during the 2nd quarter. Squarepoint Ops LLC now owns 131,936 shares of the company’s stock worth $574,000 after acquiring an additional 16,540 shares in the last quarter. Millennium Management LLC lifted its stake in Sibanye Stillwater by 65.1% during the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after buying an additional 526,724 shares in the last quarter. Creative Planning boosted its holdings in shares of Sibanye Stillwater by 93.3% in the second quarter. Creative Planning now owns 117,956 shares of the company’s stock worth $513,000 after buying an additional 56,943 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Sibanye Stillwater in the 2nd quarter valued at approximately $905,000. Finally, Fermata Advisors LLC boosted its stake in Sibanye Stillwater by 13.2% in the 3rd quarter. Fermata Advisors LLC now owns 22,968 shares of the company’s stock worth $94,000 after purchasing an additional 2,674 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Stillwater Stock Up 0.1 %

SBSW opened at $3.82 on Monday. 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 1 year low of $3.08 and a 1 year high of $5.93. The business has a fifty day simple moving average of $3.71 and a 200 day simple moving average of $4.07.

Analyst Upgrades and Downgrades

SBSW has been the subject of several research analyst reports. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a research note on Monday, November 4th. Hsbc Global Res downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.98.

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.