Dimensional Fund Advisors LP Sells 358,714 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Dimensional Fund Advisors LP lowered its holdings in Sibanye Stillwater Limited (NYSE:SBSW) by 10.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,933,745 shares of the company’s stock after selling 358,714 shares during the quarter. Dimensional Fund Advisors LP owned about 0.41% of Sibanye Stillwater worth $12,759,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

SBSW has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. BMO Capital Markets cut 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. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.17.

Sibanye Stillwater Trading Up 3.5 %

NYSE:SBSW opened at $4.67 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The stock has a fifty day moving average of $4.13 and a 200 day moving average of $4.59. Sibanye Stillwater Limited has a 52-week low of $3.08 and a 52-week high of $6.21.

About Sibanye Stillwater

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.