Moors & Cabot Inc. Sells 7,300 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Moors & Cabot Inc. decreased its position in Sibanye Stillwater Limited (NYSE:SBSW) by 35.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,300 shares of the company’s stock after selling 7,300 shares during the quarter. Moors & Cabot Inc.’s holdings in Sibanye Stillwater were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in Sibanye Stillwater by 6.7% in the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after buying an additional 3,045 shares during the last quarter. Rhumbline Advisers lifted its position in Sibanye Stillwater by 32.3% in the fourth 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. Banco Santander S.A. lifted its position in Sibanye Stillwater by 16.9% in the fourth quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock valued at $99,000 after purchasing an additional 4,344 shares during the last quarter. XTX Topco Ltd lifted its position in Sibanye Stillwater by 5.6% in the third quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock valued at $418,000 after purchasing an additional 5,428 shares during the last quarter. Finally, Blankinship & Foster LLC bought a new stake in Sibanye Stillwater in the third quarter valued at approximately $41,000. Institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Price Performance

SBSW opened at $3.94 on Monday. 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 Limited has a 52-week low of $3.05 and a 52-week high of $5.93. The stock has a market capitalization of $2.78 billion, a PE ratio of 7.57 and a beta of 1.59. The stock’s 50 day moving average price is $3.67 and its 200-day moving average price is $3.95.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered their price objective on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.79.

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.