Raymond James Financial Services Advisors Inc. Invests $69,000 in Sibanye Stillwater Limited (NYSE:SBSW)

Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,674 shares of the company’s stock, valued at approximately $69,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SBSW. Compagnie Lombard Odier SCmA grew its holdings in shares of Sibanye Stillwater by 40.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 7,000 shares of the company’s stock worth $43,000 after purchasing an additional 2,000 shares during the last quarter. Gunderson Capital Management Inc. acquired a new position in shares of Sibanye Stillwater during the fourth quarter worth approximately $54,000. Caprock Group LLC bought a new stake in shares of Sibanye Stillwater during the third quarter valued at approximately $76,000. Sigma Planning Corp acquired a new stake in shares of Sibanye Stillwater in the third quarter valued at approximately $79,000. Finally, West Family Investments Inc. bought a new position in Sibanye Stillwater in the 3rd quarter worth approximately $94,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Stillwater Stock Performance

SBSW stock opened at $4.93 on Friday. Sibanye Stillwater Limited has a twelve month low of $3.85 and a twelve month high of $9.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97. The business’s fifty day moving average is $4.72 and its 200-day moving average is $4.90.

Analyst Ratings Changes

A number of brokerages have commented on SBSW. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Royal Bank of Canada lowered their price objective on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Sibanye Stillwater 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.