SVB Wealth LLC purchased a new position in Sibanye Stillwater Limited (NYSE: SBSW – Get Rating) during the fourth quarter, according to the company’s latest 13F filing with the SEC. The fund bought 20,761 shares of the company, worth about $221,000.
Many other hedge funds have also changed their SBSW holdings recently. Encompass Capital Advisors LLC purchased new shares of Sibanye Stillwater stock valued at approximately $20,628,000 in the third quarter. Goldman Sachs Group Inc. increased its stake in Sibanye Stillwater by 71.8% in the second quarter. Goldman Sachs Group purchased an additional 1,662,361 shares during the period and now owns 3,977,726 shares of the company, valued at $39,658,000. Marshall Wace LLP increased its stake in Sibanye Stillwater by 124.3% in the third quarter. Marshall Wace LLP purchased an additional 1,049,646 of his shares during the period and now owns 1,894,121 shares of the company worth $17,654,000. Arrow Street Capital Limited Partnership increased its stake in Sibanye Stillwater by 71.1% in the first quarter. Arrow Street Capital Limited Partnership acquired an additional 866,039 shares during the period and now owns 2,084,142 shares of the Company, valued at $3,3826,000. Finally, Lord Abbett & Co. LLC purchased a new stake in his Sibanye Stillwater for his $7,562,000 value during the fourth quarter. Institutional investors own 6.81% of the company’s shares.
Sibanye Stillwater trading down 0.6%
Shares of SBSW shares opened at $7.09 on Monday. The company has a current ratio of 3.01, a quick ratio of 1.70 and a debt to equity ratio of 0.25. Sibanye Stillwater Limited hit a 52-week low of $7.06 and a 52-week high of $13.38. His 50-day moving average for this company is $8.42 and his 200-day moving average is $9.62.
Sibanye Stillwater cuts dividend
The company also recently announced its semi-annual dividend, which was paid on Thursday, April 6. He was given a dividend of $0.27 to investors of record on Friday, March 24. The ex-dividend date for this dividend was Thursday, March 23. This equates to a dividend yield of 8.3%.
Wall Street analysts forecast growth
SBSW has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered its price target on Sibanye Stillwater from $13.00 to $9.00 in its research report on Friday, March 3, and placed the stock’s rating on hold. Royal Bank of Canada upgraded Sibanye Stillwater’s rating from ‘Sector Performing’ to ‘Outperforming’ with a price target of 11.00, in a research report on Wednesday 22nd March. Down from $ to $10.00. One research analyst has a hold rating on the company’s stock, and four have a buy rating. According to MarketBeat.com, the stock has an average rating of “moderate buy” and an average target price of $11.33.
Sibanye Stillwater Company Profile
Sibanye Stillwater Ltd. is engaged in the acquisition and exploration of platinum group materials. It operates through the segments US PGM, SA PGM, and US Gold. The company was founded on he November 7, 2014 and is headquartered in Welte Vreden Park, South Africa.
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