Virtu Financial LLC Makes New Investment in Sibanye Stillwater Limited (NYSE:SBSW)

Virtu Financial LLC bought a new position in shares of Sibanye Stillwater Limited (NYSE:SBSW) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 39,287 shares of the company’s stock, valued at approximately $130,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blankinship & Foster LLC bought a new position in Sibanye Stillwater during the 3rd quarter valued at $41,000. Rhumbline Advisers lifted its position in shares of Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after purchasing an additional 3,120 shares during the last quarter. Atomi Financial Group Inc. bought a new position in shares of Sibanye Stillwater during the fourth quarter worth about $43,000. Sprott Inc. acquired a new position in Sibanye Stillwater in the fourth quarter worth about $52,000. Finally, FNY Investment Advisers LLC increased its holdings in Sibanye Stillwater by 1,572.2% in the fourth quarter. FNY Investment Advisers LLC now owns 20,000 shares of the company’s stock valued at $66,000 after buying an additional 18,804 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Stillwater Price Performance

Shares of NYSE:SBSW opened at $4.38 on Monday. The company has a market cap of $3.10 billion, a PE ratio of 8.41 and a beta of 1.59. 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 $3.84 and a 200 day simple moving average of $4.00. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

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

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.