Stonehage Fleming Financial Services Holdings Ltd Acquires 48,650 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Stonehage Fleming Financial Services Holdings Ltd increased its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 854.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 54,345 shares of the company’s stock after buying an additional 48,650 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Sibanye Stillwater were worth $179,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bridgewater Associates LP lifted its position in Sibanye Stillwater by 10.9% during the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock valued at $13,467,000 after acquiring an additional 321,037 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after purchasing an additional 699,900 shares during the last quarter. Raymond James & Associates boosted its position in shares of Sibanye Stillwater by 8.5% in the 3rd quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock worth $6,891,000 after purchasing an additional 131,990 shares in the last quarter. Millennium Management LLC grew its stake in Sibanye Stillwater by 65.1% during the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock worth $5,809,000 after buying an additional 526,724 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in Sibanye Stillwater by 53.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock valued at $4,385,000 after buying an additional 349,835 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SBSW. Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Finally, HSBC cut Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target for the company. in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Stock Performance

SBSW opened at $3.77 on Monday. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a one year low of $3.08 and a one year high of $5.93. The business’s 50-day simple moving average is $3.77 and its 200-day simple moving average is $4.11.

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.