Millennium Management LLC Boosts Stock Position in Sibanye Stillwater Limited (NYSE:SBSW)

Millennium Management LLC boosted its holdings in Sibanye Stillwater Limited (NYSE:SBSW) by 65.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,335,331 shares of the company’s stock after purchasing an additional 526,724 shares during the period. Millennium Management LLC owned about 0.19% of Sibanye Stillwater worth $5,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Scarborough Advisors LLC purchased a new position in shares of Sibanye Stillwater during the 4th quarter valued at $28,000. GAMMA Investing LLC increased its stake in Sibanye Stillwater by 62.6% in the 1st quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock worth $42,000 after acquiring an additional 3,401 shares during the last quarter. Vanguard Capital Wealth Advisors bought a new position in Sibanye Stillwater in the 1st quarter worth about $50,000. Fermata Advisors LLC bought a new position in Sibanye Stillwater in the 1st quarter worth about $52,000. Finally, Pine Valley Investments Ltd Liability Co bought a new position in Sibanye Stillwater in the 2nd quarter worth about $64,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Price Performance

Shares of Sibanye Stillwater stock opened at $4.09 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $4.12 and its 200-day moving average price is $4.58. Sibanye Stillwater Limited has a 12 month low of $3.08 and a 12 month high of $6.21.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. BMO Capital Markets decreased their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating and three 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 a consensus price target of $5.17.

Sibanye Stillwater 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.