Marshall Wace LLP Sells 2,686,357 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Marshall Wace LLP lowered its position in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 91.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,519 shares of the company’s stock after selling 2,686,357 shares during the quarter. Marshall Wace LLP’s holdings in Sibanye Stillwater were worth $790,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SBSW. Peapack Gladstone Financial Corp bought a new stake in Sibanye Stillwater in the fourth quarter worth $41,000. Rhumbline Advisers grew its position in 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 purchasing an additional 3,120 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in Sibanye Stillwater during the 4th quarter valued at about $43,000. Sprott Inc. purchased a new position in Sibanye Stillwater in the fourth quarter worth about $52,000. Finally, United Capital Financial Advisors LLC lifted its stake in shares of Sibanye Stillwater by 32.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock worth $65,000 after buying an additional 4,768 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sibanye Stillwater Stock Down 2.8 %

SBSW opened at $4.52 on Friday. Sibanye Stillwater Limited has a twelve month low of $3.05 and a twelve month high of $5.91. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average price of $4.14 and a 200-day moving average price of $4.02. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 8.69 and a beta of 1.08.

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.