Lloyd Harbor Capital Management LLC Has $3.48 Million Stake in Sibanye Stillwater Limited (NYSE:SBSW)

Lloyd Harbor Capital Management LLC reduced its position in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 78.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800,000 shares of the company’s stock after selling 2,862,812 shares during the period. Sibanye Stillwater comprises about 2.1% of Lloyd Harbor Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Lloyd Harbor Capital Management LLC owned 0.11% of Sibanye Stillwater worth $3,480,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Scarborough Advisors LLC acquired a new position in shares of Sibanye Stillwater during the 4th quarter worth about $28,000. GAMMA Investing LLC grew its stake in Sibanye Stillwater by 62.6% in the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock valued at $42,000 after purchasing an additional 3,401 shares in the last quarter. Vanguard Capital Wealth Advisors acquired a new position in shares of Sibanye Stillwater during the 1st quarter worth approximately $50,000. Fermata Advisors LLC bought a new stake in shares of Sibanye Stillwater during the 1st quarter worth approximately $52,000. Finally, Peapack Gladstone Financial Corp bought a new stake in shares of Sibanye Stillwater during the 4th quarter worth approximately $56,000. 34.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SBSW. BMO Capital Markets lowered their target price 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. decreased their price objective on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.17.

Sibanye Stillwater Price Performance

SBSW stock opened at $4.52 on Friday. Sibanye Stillwater Limited has a 1-year low of $3.08 and a 1-year high of $6.38. The business’s 50 day simple moving average is $4.12 and its 200 day simple moving average is $4.59. 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 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.