JPMorgan Chase & Co. Buys 78,745 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

JPMorgan Chase & Co. lifted its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 283.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,489 shares of the company’s stock after purchasing an additional 78,745 shares during the period. JPMorgan Chase & Co.’s holdings in Sibanye Stillwater were worth $351,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Rhumbline Advisers lifted 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 purchasing an additional 3,120 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Sibanye Stillwater during the 4th quarter worth about $43,000. Sprott Inc. bought a new position in Sibanye Stillwater in the 4th quarter valued at about $52,000. FNY Investment Advisers LLC boosted its holdings in shares of Sibanye Stillwater by 1,572.2% during the fourth quarter. FNY Investment Advisers LLC now owns 20,000 shares of the company’s stock worth $66,000 after acquiring an additional 18,804 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Sibanye Stillwater during the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sibanye Stillwater Price Performance

SBSW opened at $4.60 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater Limited has a 1 year low of $3.05 and a 1 year high of $5.91. The stock’s 50 day simple moving average is $4.16 and its 200 day simple moving average is $4.03. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 8.85 and a beta of 1.08.

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.