Seven Eight Capital LP Buys New Position in Sibanye Stillwater Limited (NYSE:SBSW)

Seven Eight Capital LP purchased a new stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,098 shares of the company’s stock, valued at approximately $135,000.

Several other large investors have also added to or reduced their stakes in SBSW. Lingotto Investment Management LLP lifted its holdings in Sibanye Stillwater by 28.5% during the fourth quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock valued at $119,283,000 after purchasing an additional 4,865,997 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Sibanye Stillwater by 685.5% during the second quarter. Headlands Technologies LLC now owns 375,660 shares of the company’s stock valued at $1,634,000 after purchasing an additional 327,837 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Sibanye Stillwater by 125.0% during the second quarter. Renaissance Technologies LLC now owns 436,935 shares of the company’s stock valued at $1,901,000 after purchasing an additional 242,735 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in Sibanye Stillwater during the first quarter valued at approximately $569,000. Finally, SG Americas Securities LLC lifted its holdings in Sibanye Stillwater by 190.8% during the first quarter. SG Americas Securities LLC now owns 145,698 shares of the company’s stock valued at $686,000 after purchasing an additional 95,590 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SBSW. BMO Capital Markets lowered their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a report on Friday, September 13th. JPMorgan Chase & Co. lowered their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus target price of $5.17.

Sibanye Stillwater Trading Up 1.4 %

SBSW stock opened at $4.20 on Tuesday. Sibanye Stillwater Limited has a one year low of $3.08 and a one year high of $6.49. The company’s fifty day moving average price is $4.15 and its 200-day moving average price is $4.60. 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 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.