Covalis Capital LLP Grows Position in Sibanye Stillwater Limited (NYSE:SBSW)

Covalis Capital LLP grew its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 639.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 262,279 shares of the company’s stock after purchasing an additional 226,796 shares during the quarter. Covalis Capital LLP’s holdings in Sibanye Stillwater were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Blankinship & Foster LLC purchased a new position in Sibanye Stillwater during the 3rd quarter worth $41,000. Peapack Gladstone Financial Corp acquired a new position in Sibanye Stillwater in the 4th quarter valued at about $41,000. Rhumbline Advisers increased its holdings 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 purchasing an additional 3,120 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in Sibanye Stillwater during the 4th quarter worth approximately $43,000. Finally, Sprott Inc. acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at $52,000. Institutional investors own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Sibanye Stillwater Price Performance

SBSW opened at $4.99 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 one year low of $3.05 and a one year high of $5.91. The stock has a market capitalization of $3.53 billion, a P/E ratio of 9.59 and a beta of 1.08. The company’s 50 day simple moving average is $3.97 and its 200-day simple moving average is $4.00.

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.