Trek Financial LLC Invests $2.80 Million in Sibanye Stillwater Limited (NYSE:SBSW)

Trek Financial LLC bought a new stake in Sibanye Stillwater Limited (NYSE:SBSW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 849,528 shares of the company’s stock, valued at approximately $2,803,000.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its position in shares of Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after acquiring an additional 3,045 shares in the last quarter. Aire Advisors LLC boosted its holdings in Sibanye Stillwater by 5.3% in the fourth quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock valued at $201,000 after purchasing an additional 3,060 shares in the last quarter. Rhumbline Advisers increased its stake in Sibanye Stillwater by 32.3% in the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after purchasing an additional 3,120 shares during the last quarter. Banco Santander S.A. raised its holdings in Sibanye Stillwater by 16.9% during the fourth quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock worth $99,000 after purchasing an additional 4,344 shares in the last quarter. Finally, Cadence Wealth Management LLC lifted its position in shares of Sibanye Stillwater by 5.2% during the 4th quarter. Cadence Wealth Management LLC now owns 97,466 shares of the company’s stock worth $322,000 after buying an additional 4,815 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Sibanye Stillwater has a consensus rating of “Hold” and a consensus price target of $5.05.

Sibanye Stillwater Price Performance

Shares of SBSW opened at $3.44 on Friday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 6.61 and a beta of 1.08. Sibanye Stillwater Limited has a fifty-two week low of $3.05 and a fifty-two week high of $5.93. The firm has a 50-day simple moving average of $3.90 and a 200-day simple moving average of $4.01. 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 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.