Quantex AG recently announced the acquisition of new stake in Sibanye Stillwater Limited (NYSE:SBSW). The institutional investor has increased its shareholding in the Basic Materials company by 3.54% to 5.85 million shares with purchase of 0.2 million shares. This fresh investment now brings its stake to 0.83% valued currently at $45.22 million. In addition, AQR Capital Management LLC raised its holdings by 0.12 million to 3.79 million shares. And Invesco Advisers, Inc. has lifted its position by 26.39% or 0.74 million shares – to 3.54 million shares.
With over 4.23 million Sibanye Stillwater Limited (SBSW) shares trading Tuesday and a closing price of $5.84 on the day, the dollar volume was approximately $24.73 million. The shares have shown a negative half year performance of -32.56% and its price on 09/12/23 gained nearly 2.64%. Currently, there are 707.64M common shares owned by the public and among those 707.64M shares have been available to trade.
The top 3 mutual fund holders in Sibanye Stillwater Limited are Quantex Global Value Fund, Invesco Gold and Special Minerals, and Columbia Overseas Value Fund. Quantex Global Value Fund owns 5.0 million shares of the company’s stock, all valued at over $38.65 million. The company bought an additional 0.2 million shares recently to bring their total holdings to about 0.71% of the shares outstanding. Invesco Gold and Special Minerals bought 0.74 million shares to see its total holdings expand to 3.54 million shares valued at over $27.36 million and representing 0.50% of the shares outstanding. Columbia Overseas Value Fund now owns shares totaling to 0.19% of the shares outstanding.
Shares of Sibanye Stillwater Limited (NYSE: SBSW) opened at $5.62, down -$0.07 from a prior closing price of $5.69. The company’s stock has a 5-day price change of 4.10% and -17.98% over the past three months. SBSW shares are trading -45.22% year to date (YTD), with the 12-month market performance down to -39.61% lower. It has a 12-month low price of $5.45 and touched a high of $12.44 over the same period. SBSW has an average intraday trading volume of 4.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.37%, -12.02%, and -31.48% respectively.
Institutional ownership of Sibanye Stillwater Limited (NYSE: SBSW) shares accounts for 8.30% of the company’s 707.64M shares outstanding. Mutual fund holders own 4.11%, while other institutional holders and individual stakeholders account for 5.52% and — respectively.
It has a market capitalization of $4.08B and a beta (3y monthly) value of 1.57. The stock’s trailing 12-month PE ratio is 4.31, while the earnings-per-share (ttm) stands at $1.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.08% over the week and 3.15% over the month.
Analysts forecast that Sibanye Stillwater Limited (SBSW) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.55 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should shrink at an annualized rate of -11.54% over the next five years, compared to 37.70% over the past 5-year period.