BNP Paribas Financial Markets Acquires New Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

BNP Paribas Financial Markets acquired a new stake in Sibanye Stillwater Limited (NYSE:SBSW) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 492,634 shares of the company’s stock, valued at approximately $1,626,000. BNP Paribas Financial Markets owned 0.07% of Sibanye Stillwater as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Sibanye Stillwater in the 4th quarter valued at approximately $25,000. Ameriprise Financial Inc. bought a new stake in Sibanye Stillwater in the 4th quarter valued at approximately $35,000. Peapack Gladstone Financial Corp bought a new stake in Sibanye Stillwater in the 4th quarter valued at approximately $41,000. Rhumbline Advisers lifted its stake in Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after acquiring an additional 3,120 shares in the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in Sibanye Stillwater in the 4th quarter valued at approximately $43,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and boosted their target price 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.05.

Sibanye Stillwater Trading Up 0.3%

Shares of Sibanye Stillwater stock opened at $4.74 on Monday. Sibanye Stillwater Limited has a 12-month low of $3.05 and a 12-month high of $5.91. The stock has a market cap of $3.35 billion, a P/E ratio of 9.11 and a beta of 0.59. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $4.42 and its 200-day moving average is $4.03.

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.