First Trust Direct Indexing L.P. Trims Stock Position in Sibanye Stillwater Limited (NYSE:SBSW)

First Trust Direct Indexing L.P. decreased its holdings in Sibanye Stillwater Limited (NYSE:SBSW) by 29.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,657 shares of the company’s stock after selling 5,991 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Sibanye Stillwater were worth $80,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Sibanye Stillwater during the 4th quarter valued at $30,000. Gunderson Capital Management Inc. bought a new stake in Sibanye Stillwater during the fourth quarter valued at about $54,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Sibanye Stillwater in the fourth quarter valued at about $69,000. Sigma Planning Corp bought a new position in shares of Sibanye Stillwater in the third quarter worth about $79,000. Finally, SFG Wealth Management LLC. purchased a new stake in shares of Sibanye Stillwater during the fourth quarter worth about $92,000. 34.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SBSW shares. Jefferies Financial Group cut Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Royal Bank of Canada lowered their target price on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.00.

Sibanye Stillwater Price Performance

NYSE:SBSW opened at $4.67 on Thursday. The business’s 50-day moving average is $4.77 and its 200 day moving average is $4.84. Sibanye Stillwater Limited has a 12 month low of $3.85 and a 12 month high of $9.02. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

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.