X Square Capital LLC Reduces Stake in Sibanye Stillwater Limited

X Square Capital LLC has reduced its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 34.6% during the last quarter of the year, according to the firm’s latest Form 13F filing with the Securities and Exchange Commission (SEC). After selling 83,000 shares during this period, X Square Capital now holds 156,970 shares of Sibanye Stillwater. These shares were valued at approximately $518,000 as of the end of the recent quarter.

In addition to X Square Capital, several other institutional investors have also adjusted their holdings in Sibanye Stillwater. For instance, Blankinship & Foster LLC acquired a new stake worth around $41,000 in the third quarter. Meanwhile, Rhumbline Advisers increased its stake in the company by 32.3% during the fourth quarter and now owns 12,790 shares valued at about $42,000 after purchasing an additional 3,120 shares. Atomi Financial Group Inc. and Sprott Inc. each bought new positions in Sibanye Stillwater worth approximately $43,000 and $52,000, respectively. Furthermore, FNY Investment Advisers LLC significantly boosted its position by 1,572.2%, acquiring an additional 18,804 shares, bringing its total to 20,000 shares valued at $66,000. Currently, institutional investors hold 34.93% of the company's stock.

Sibanye Stillwater Stock Performance

As of Friday, the stock price of Sibanye Stillwater opened at $4.36. Over the past year, the company has seen a low of $3.05 and a high of $5.93. Key financial ratios include a current ratio of 2.09 and a quick ratio of 1.04, while the debt-to-equity ratio stands at 0.71. The business also has a market capitalization of $3.08 billion, a P/E ratio of 8.38, and a beta of 1.59.

Analyst Ratings Overview

In related news, Royal Bank of Canada upgraded its rating for Sibanye Stillwater from "sector perform" to "outperform" and raised their target price from $4.70 to $5.30, as noted in a research report dated March 18. Currently, five analysts have rated the stock as a hold, while one analyst has issued a buy rating. Based on information from MarketBeat.com, Sibanye Stillwater holds a consensus rating of "Hold" with a target price of $5.05.

About Sibanye Stillwater

Sibanye Stillwater Limited, along with its subsidiaries, operates as a precious metals mining company with operations in South Africa, the United States, Europe, and Australia. The company specializes in the extraction of various metals, including gold and platinum group metals (PGMs) such as palladium, platinum, rhodium, iridium, and ruthenium, as well as chrome, nickel, silver, cobalt, and copper.

Sibanye, Investment, Stock