Barclays PLC Acquires New Stake in Sibanye Stillwater Limited (NYSE:SBSW)

Barclays PLC bought a new stake in Sibanye Stillwater Limited (NYSE:SBSW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 80,000 shares of the company’s stock, valued at approximately $329,000.

A number of other institutional investors have also recently made changes to their positions in SBSW. O Brien Greene & Co. Inc purchased a new stake in shares of Sibanye Stillwater during the 3rd quarter valued at approximately $189,000. XTX Topco Ltd raised its holdings in Sibanye Stillwater by 5.6% during the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock valued at $418,000 after acquiring an additional 5,428 shares during the period. Two Sigma Advisers LP lifted its position in shares of Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after acquiring an additional 699,900 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Sibanye Stillwater in the third quarter worth $2,367,000. Finally, HighTower Advisors LLC grew its position in shares of Sibanye Stillwater by 6.7% in the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock valued at $199,000 after purchasing an additional 3,045 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Stock Down 2.9 %

Shares of NYSE SBSW opened at $3.37 on Friday. The business has a 50-day moving average of $4.07 and a 200-day moving average of $4.22. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 5.44 and a beta of 1.55. 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 12 month low of $3.08 and a 12 month high of $5.93.

Analyst Ratings Changes

SBSW has been the topic of a number of recent research reports. Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. BMO Capital Markets cut their price objective on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target for the company. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.98.

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.