Sibanye Stillwater (NYSE:SBSW) Upgraded to “Outperform” at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Sibanye Stillwater (NYSE:SBSW) from a sector perform rating to an outperform rating in a research note released on Tuesday, Marketbeat reports. They currently have $5.30 price target on the stock, up from their previous price target of $4.70.

Sibanye Stillwater Stock Up 5.7 %

Shares of NYSE SBSW opened at $4.33 on Tuesday. The stock has a market cap of $3.06 billion, a P/E ratio of 8.32 and a beta of 1.59. The firm has a 50 day moving average price of $3.70 and a 200 day moving average price of $3.96. 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 has a 52-week low of $3.05 and a 52-week high of $5.93.

Hedge Funds Weigh In On Sibanye Stillwater

Institutional investors have recently added to or reduced their stakes in the company. Lingotto Investment Management LLP grew its stake in shares of Sibanye Stillwater by 1.0% in the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock valued at $91,733,000 after acquiring an additional 286,195 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Sibanye Stillwater by 28.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock worth $21,588,000 after acquiring an additional 1,439,882 shares during the last quarter. Invesco Ltd. raised its holdings in Sibanye Stillwater by 0.6% in the 4th quarter. Invesco Ltd. now owns 4,582,354 shares of the company’s stock valued at $15,122,000 after buying an additional 26,400 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Sibanye Stillwater by 13.4% in the 4th quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company’s stock valued at $11,138,000 after buying an additional 400,100 shares during the last quarter. Finally, Bridgewater Associates LP raised its holdings in Sibanye Stillwater by 10.9% in the 3rd quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock valued at $13,467,000 after buying an additional 321,037 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.