Banco Santander S.A. Buys 4,344 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Banco Santander S.A. raised its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 16.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,974 shares of the company’s stock after purchasing an additional 4,344 shares during the quarter. Banco Santander S.A.’s holdings in Sibanye Stillwater were worth $99,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp boosted its holdings in shares of Sibanye Stillwater by 10.8% during the third quarter. Sigma Planning Corp now owns 93,516 shares of the company’s stock worth $384,000 after purchasing an additional 9,100 shares during the period. BCGM Wealth Management LLC grew its position in shares of Sibanye Stillwater by 60.3% in the 3rd quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company’s stock worth $2,549,000 after buying an additional 233,217 shares during the last quarter. Anthracite Investment Company Inc. raised its holdings in shares of Sibanye Stillwater by 114.3% during the third quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock valued at $2,788,000 after acquiring an additional 361,685 shares in the last quarter. Bridgewater Associates LP lifted its stake in Sibanye Stillwater by 10.9% in the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock worth $13,467,000 after acquiring an additional 321,037 shares during the period. Finally, HighTower Advisors LLC increased its position in Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock valued at $199,000 after purchasing an additional 3,045 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Sibanye Stillwater presently has a consensus rating of “Hold” and an average target price of $4.79.

Sibanye Stillwater Stock Performance

Shares of SBSW stock opened at $3.74 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 7.18 and a beta of 1.59. Sibanye Stillwater Limited has a one year low of $3.05 and a one year high of $5.93. The company’s 50-day moving average is $3.62 and its 200 day moving average is $3.97.

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.