Banque Cantonale Vaudoise Sells 1,620 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Banque Cantonale Vaudoise cut its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW – Free Report) by 6.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,989 shares of the company’s stock after selling 1,620 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Sibanye Stillwater were worth $208,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Sibanye Stillwater during the 1st quarter valued at approximately $45,000. Samalin Investment Counsel LLC boosted its stake in Sibanye Stillwater by 146.0% in the 1st quarter. Samalin Investment Counsel LLC now owns 3,075 shares of the company’s stock worth $50,000 after purchasing an additional 1,825 shares during the period. Tradition Wealth Management LLC boosted its stake in Sibanye Stillwater by 991.7% in the 4th quarter. Tradition Wealth Management LLC now owns 3,275 shares of the company’s stock worth $35,000 after purchasing an additional 2,975 shares during the period. Natixis bought a new position in Sibanye Stillwater in the 4th quarter worth approximately $37,000. Finally, Money Concepts Capital Corp bought a new position in Sibanye Stillwater in the 4th quarter worth approximately $41,000. 7.49% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from $11.00 to $10.00 in a research note on Wednesday, March 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sibanye Stillwater currently has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Sibanye Stillwater Stock Down 0.3 %

Shares of SBSW opened at $6.37 on Thursday. Sibanye Stillwater Limited has a 1 year low of $5.96 and a 1 year high of $12.44. The business’s 50 day simple moving average is $7.49 and its 200-day simple moving average is $8.89. The company has a quick ratio of 1.70, a current ratio of 3.01 and a debt-to-equity ratio of 0.25.

Sibanye Stillwater Company Profile

(Free Report)

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.

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