273,571 Shares in Sibanye Stillwater Limited (NYSE:SBSW) Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 273,571 shares of the company’s stock, valued at approximately $903,000.

Several other institutional investors have also added to or reduced their stakes in the business. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the third quarter worth approximately $41,000. Peapack Gladstone Financial Corp purchased a new stake in Sibanye Stillwater in the fourth quarter worth approximately $41,000. Rhumbline Advisers grew its position in Sibanye Stillwater by 32.3% in the 4th 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 period. Atomi Financial Group Inc. purchased a new stake in Sibanye Stillwater during the 4th quarter valued at $43,000. Finally, Sprott Inc. bought a new position in shares of Sibanye Stillwater during the 4th quarter valued at $52,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Stillwater Trading Up 12.5 %

Shares of Sibanye Stillwater stock opened at $4.38 on Friday. Sibanye Stillwater Limited has a 1-year low of $3.05 and a 1-year high of $5.91. The company’s fifty day simple moving average is $3.89 and its 200-day simple moving average is $3.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The stock has a market capitalization of $3.10 billion, a PE ratio of 8.41 and a beta of 1.08.

Wall Street Analyst Weigh In

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

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.