Sibanye Stillwater Limited (NYSE:SBSW) Position Increased by Blue Trust Inc.

Blue Trust Inc. lifted its position in Sibanye Stillwater Limited (NYSE:SBSW) by 1,931.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,345 shares of the company’s stock after buying an additional 8,885 shares during the period. Blue Trust Inc.’s holdings in Sibanye Stillwater were worth $41,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SBSW. Creative Planning lifted its position in shares of Sibanye Stillwater by 40.9% during the 3rd quarter. Creative Planning now owns 166,184 shares of the company’s stock worth $683,000 after purchasing an additional 48,228 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Sibanye Stillwater during the 3rd quarter worth about $46,000. Fermata Advisors LLC grew its holdings in shares of Sibanye Stillwater by 13.2% in the 3rd quarter. Fermata Advisors LLC now owns 22,968 shares of the company’s stock valued at $94,000 after acquiring an additional 2,674 shares in the last quarter. Bluefin Capital Management LLC lifted its stake in Sibanye Stillwater by 65.3% in the 2nd quarter. Bluefin Capital Management LLC now owns 49,600 shares of the company’s stock valued at $216,000 after purchasing an additional 19,600 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Sibanye Stillwater during the second quarter worth approximately $905,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SBSW shares. Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. 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 research note on Friday, September 13th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.17.

Sibanye Stillwater Stock Performance

Shares of SBSW opened at $4.64 on Friday. The business’s 50 day moving average is $4.24 and its 200 day moving average is $4.53. Sibanye Stillwater Limited has a 12-month low of $3.08 and a 12-month high of $5.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

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.