Sibanye Stillwater Limited (NYSE:SBSW) Shares Bought by Cadence Wealth Management LLC

Cadence Wealth Management LLC grew its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,466 shares of the company’s stock after purchasing an additional 4,815 shares during the period. Cadence Wealth Management LLC’s holdings in Sibanye Stillwater were worth $322,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Blankinship & Foster LLC purchased a new stake in Sibanye Stillwater in the 3rd quarter worth approximately $41,000. Rhumbline Advisers lifted its position in shares of Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after buying an additional 3,120 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Sibanye Stillwater during the 4th quarter valued at approximately $43,000. Sprott Inc. purchased a new position in shares of Sibanye Stillwater during the 4th quarter valued at approximately $52,000. Finally, FNY Investment Advisers LLC lifted its position in shares of Sibanye Stillwater by 1,572.2% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Trading Up 4.2 %

Shares of SBSW stock opened at $4.10 on Tuesday. The stock’s fifty day moving average is $3.69 and its two-hundred day moving average is $3.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The firm has a market capitalization of $2.90 billion, a P/E ratio of 7.88 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.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their target price on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus price target of $4.79.

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.