Amitell Capital Pte Ltd purchased a new position in shares of Sibanye Stillwater Limited (NYSE:SBSW – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 132,321 shares of the company's stock, valued at approximately $2,148,000.
Several other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in shares of Sibanye Stillwater in the first quarter valued at about $27,000. Acadian Asset Management LLC acquired a new position in shares of Sibanye Stillwater during the 1st quarter worth approximately $45,000. Spire Wealth Management increased its holdings in shares of Sibanye Stillwater by 95.8% during the first quarter. Spire Wealth Management now owns 6,000 shares of the company's stock worth $49,000 after purchasing an additional 2,935 shares during the period. Odey Asset Management Group Ltd bought a new position in shares of Sibanye Stillwater during the fourth quarter worth approximately $50,000. Finally, Optimum Investment Advisors grew its position in Sibanye Stillwater by 250.0% during the first quarter. Optimum Investment Advisors now owns 3,500 shares of the company's stock worth $57,000 after buying an additional 2,500 shares in the last quarter. 6.60% of the stock is currently owned by institutional investors.
Get Sibanye Stillwater alerts:Sibanye Stillwater Stock Performance
Sibanye Stillwater stock traded up $0.09 during trading hours on Friday, hitting $9.60. The stock had a trading volume of 78,054 shares, compared to its average volume of 3,204,396. The business's 50 day simple moving average is $9.65 and its 200-day simple moving average is $12.85. Sibanye Stillwater Limited has a one year low of $8.53 and a one year high of $20.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 1.93.
Sibanye Stillwater Cuts Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.3246 per share. This represents a yield of 7.4%. The ex-dividend date of this dividend is Thursday, September 15th.Analysts Set New Price Targets
SBSW has been the subject of a number of analyst reports. BMO Capital Markets dropped their price target on Sibanye Stillwater from $18.00 to $15.00 and set an "outperform" rating for the company in a research note on Monday, August 15th. Royal Bank of Canada cut Sibanye Stillwater from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $25.00 to $13.00 in a research note on Wednesday, June 1st. Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Thursday, July 7th. HSBC upgraded Sibanye Stillwater from a "hold" rating to a "buy" rating in a research report on Wednesday, August 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Sibanye Stillwater from $13.70 to $13.00 and set a "buy" rating on the stock in a research report on Friday, August 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.23.
About Sibanye Stillwater
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Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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