Sibanye Stillwater Sees Unusually Large Options Volume (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSW) was the recipient of unusually large options trading activity on Monday. Traders acquired 14,150 put options on the company. This is an increase of 163% compared to the typical daily volume of 5,380 put options.

Hedge Funds Weigh In On Sibanye Stillwater

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Sibanye Stillwater by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 109,458 shares of the company’s stock worth $594,000 after buying an additional 18,012 shares in the last quarter. Jump Financial LLC grew its holdings in Sibanye Stillwater by 29.8% in the fourth quarter. Jump Financial LLC now owns 531,968 shares of the company’s stock worth $2,889,000 after purchasing an additional 122,047 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Sibanye Stillwater by 15.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 47,304 shares of the company’s stock valued at $257,000 after purchasing an additional 6,243 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Sibanye Stillwater by 36.9% during the fourth quarter. Quadrant Capital Group LLC now owns 16,701 shares of the company’s stock valued at $91,000 after purchasing an additional 4,500 shares during the period. Finally, BCGM Wealth Management LLC raised its holdings in shares of Sibanye Stillwater by 21.7% during the fourth quarter. BCGM Wealth Management LLC now owns 359,142 shares of the company’s stock valued at $1,950,000 after purchasing an additional 64,148 shares during the period. Institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Trading Down 2.6 %

Sibanye Stillwater stock traded down $0.09 during mid-day trading on Monday, hitting $3.42. 4,438,639 shares of the stock were exchanged, compared to its average volume of 5,792,308. The firm’s fifty day simple moving average is $4.31 and its two-hundred day simple moving average is $4.62. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.49. Sibanye Stillwater has a 12 month low of $3.41 and a 12 month high of $6.99.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.67.

About Sibanye Stillwater

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.