Sigma Planning Corp Sells 7,267 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Sigma Planning Corp reduced its position in Sibanye Stillwater Limited (NYSE:SBSW) by 7.8% during the fourth quarter, HoldingsChannel reports. The fund owned 86,249 shares of the company’s stock after selling 7,267 shares during the quarter. Sigma Planning Corp’s holdings in Sibanye Stillwater were worth $285,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SBSW. Creative Financial Designs Inc. ADV raised its position in shares of Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after purchasing an additional 2,200 shares during the period. HighTower Advisors LLC raised its holdings in Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock valued at $199,000 after acquiring an additional 3,045 shares during the period. Rhumbline Advisers raised its holdings 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 acquiring an additional 3,120 shares during the period. XTX Topco Ltd raised its holdings in Sibanye Stillwater by 5.6% during the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock valued at $418,000 after acquiring an additional 5,428 shares during the period. Finally, Blue Trust Inc. raised its holdings in Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after acquiring an additional 8,885 shares during the period. 34.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SBSW shares. Royal Bank of Canada decreased their price objective on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Sibanye Stillwater currently has a consensus rating of “Hold” and a consensus target price of $4.79.

Sibanye Stillwater Stock Up 0.2 %

Shares of NYSE SBSW opened at $3.21 on Friday. The business has a 50-day moving average of $3.61 and a 200-day moving average of $4.00. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 6.16 and a beta of 1.58. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a 12 month low of $3.05 and a 12 month high of $5.93.

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.