Point72 Asset Management L.P. Decreases Stake in Sibanye Stillwater Limited (NYSE:SBSW)

Point72 Asset Management L.P. reduced its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 57.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,100 shares of the company’s stock after selling 330,800 shares during the period. Point72 Asset Management L.P.’s holdings in Sibanye Stillwater were worth $809,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Goehring & Rozencwajg Associates LLC purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $9,446,000. Raymond James Financial Inc. purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $5,814,000. D. E. Shaw & Co. Inc. increased its stake in shares of Sibanye Stillwater by 28.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock valued at $21,588,000 after buying an additional 1,439,882 shares during the period. Northern Trust Corp increased its stake in shares of Sibanye Stillwater by 1,673.5% during the fourth quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock valued at $3,347,000 after buying an additional 957,103 shares during the period. Finally, Trek Financial LLC purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $2,803,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Stillwater Trading Up 4.8%

NYSE SBSW opened at $6.00 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a twelve month low of $3.05 and a twelve month high of $6.29. The firm has a market capitalization of $4.24 billion, a PE ratio of 11.53 and a beta of 0.59. The stock’s 50 day moving average is $4.54 and its 200 day moving average is $4.06.

Analyst Ratings Changes

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

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.