Sequoia Financial Advisors LLC Makes New Investment in Sibanye Stillwater Limited (NYSE:SBSW)

Sequoia Financial Advisors LLC bought a new stake in Sibanye Stillwater Limited (NYSE:SBSW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,170 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. raised its holdings in Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after purchasing an additional 8,885 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at $46,000. Pine Valley Investments Ltd Liability Co acquired a new stake in Sibanye Stillwater during the 2nd quarter worth $64,000. Aprio Wealth Management LLC bought a new position in Sibanye Stillwater during the second quarter worth about $65,000. Finally, EverSource Wealth Advisors LLC grew its stake in Sibanye Stillwater by 130.1% in the second quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company’s stock valued at $69,000 after acquiring an additional 8,607 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SBSW shares. JPMorgan Chase & Co. dropped 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. BMO Capital Markets dropped their price objective 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. Finally, Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.17.

Sibanye Stillwater Stock Down 6.3 %

Shares of SBSW stock opened at $4.89 on Thursday. Sibanye Stillwater Limited has a 1 year low of $3.08 and a 1 year high of $5.93. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $4.22 and a 200 day simple moving average of $4.53.

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.