Raymond James & Associates Decreases Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Raymond James & Associates reduced its position in Sibanye Stillwater Limited (NYSE:SBSW) by 17.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,544,729 shares of the company’s stock after selling 319,860 shares during the period. Raymond James & Associates owned about 0.22% of Sibanye Stillwater worth $6,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBSW. GAMMA Investing LLC lifted its holdings in shares of Sibanye Stillwater by 62.6% in the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock valued at $42,000 after purchasing an additional 3,401 shares in the last quarter. Rathbones Group PLC lifted its stake in Sibanye Stillwater by 11.7% in the 4th quarter. Rathbones Group PLC now owns 32,537 shares of the company’s stock valued at $177,000 after buying an additional 3,420 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Sibanye Stillwater by 36.9% during the 4th quarter. Quadrant Capital Group LLC now owns 16,701 shares of the company’s stock valued at $91,000 after buying an additional 4,500 shares during the last quarter. Scarborough Advisors LLC purchased a new position in Sibanye Stillwater during the fourth quarter worth $28,000. Finally, BSW Wealth Partners raised its holdings in shares of Sibanye Stillwater by 25.3% in the first quarter. BSW Wealth Partners now owns 26,357 shares of the company’s stock worth $124,000 after acquiring an additional 5,320 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective 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. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.67.

Sibanye Stillwater Stock Performance

Shares of Sibanye Stillwater stock opened at $4.40 on Wednesday. Sibanye Stillwater Limited has a fifty-two week low of $3.85 and a fifty-two week high of $7.03. The business’s fifty day moving average is $4.43 and its two-hundred day moving average is $4.66. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.11 billion, a PE ratio of 6.03 and a beta of 1.63.

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.