Sibanye Stillwater Target of Unusually High Options Trading (NYSE:SBSW)

Sibanye Stillwater Limited (NYSE:SBSW) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 14,644 call options on the company. This represents an increase of 248% compared to the typical daily volume of 4,213 call options.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC bought a new stake in Sibanye Stillwater in the third quarter worth $329,000. FNY Investment Advisers LLC raised its stake 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 valued at $66,000 after acquiring an additional 18,804 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in Sibanye Stillwater during the 4th quarter valued at about $43,000. Stonehage Fleming Financial Services Holdings Ltd increased its position in Sibanye Stillwater by 854.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 54,345 shares of the company’s stock valued at $179,000 after purchasing an additional 48,650 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at about $86,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Trading Up 0.3%

Shares of SBSW stock opened at $4.74 on Friday. The company has a market capitalization of $3.35 billion, a PE ratio of 9.11 and a beta of 0.59. Sibanye Stillwater has a 52-week low of $3.05 and a 52-week high of $5.91. The business’s fifty day moving average is $4.42 and its 200 day moving average is $4.04. 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.