BNP Paribas Financial Markets Purchases New Stake in Sibanye Stillwater Limited (NYSE:SBSW)

BNP Paribas Financial Markets acquired a new stake in Sibanye Stillwater Limited (NYSE:SBSW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 492,634 shares of the company’s stock, valued at approximately $1,626,000.

Several other large investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Sibanye Stillwater in the fourth quarter valued at about $25,000. Ameriprise Financial Inc. bought a new position in Sibanye Stillwater during the fourth quarter worth about $35,000. Peapack Gladstone Financial Corp bought a new position in Sibanye Stillwater during the fourth quarter worth about $41,000. Rhumbline Advisers increased its position in Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after acquiring an additional 3,120 shares during the period. Finally, Atomi Financial Group Inc. bought a new position in Sibanye Stillwater during the fourth quarter worth about $43,000. Institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

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

Sibanye Stillwater Price Performance

NYSE:SBSW opened at $4.74 on Monday. Sibanye Stillwater Limited has a 52 week low of $3.05 and a 52 week high of $5.91. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 9.11 and a beta of 0.59. The firm’s 50-day simple moving average is $4.42 and its 200 day simple moving average is $4.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

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.