Sanctuary Advisors LLC Sells 117,516 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Sanctuary Advisors LLC lessened its holdings in Sibanye Stillwater Limited (NYSE:SBSW) by 91.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,425 shares of the company’s stock after selling 117,516 shares during the period. Sanctuary Advisors LLC’s holdings in Sibanye Stillwater were worth $34,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SBSW. Blankinship & Foster LLC bought a new position in shares of Sibanye Stillwater in the 3rd quarter worth approximately $41,000. Rhumbline Advisers lifted its stake in shares of Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after purchasing an additional 3,120 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Sibanye Stillwater in the 4th quarter worth approximately $43,000. FNY Investment Advisers LLC raised its stake in Sibanye Stillwater by 1,572.2% during the 4th quarter. FNY Investment Advisers LLC now owns 20,000 shares of the company’s stock worth $66,000 after acquiring an additional 18,804 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in Sibanye Stillwater during the 4th quarter worth approximately $68,000. Institutional investors own 34.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their target price on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.79.

Sibanye Stillwater Price Performance

NYSE SBSW opened at $3.74 on Friday. Sibanye Stillwater Limited has a 12 month low of $3.05 and a 12 month high of $5.93. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 7.18 and a beta of 1.59. The company’s 50 day moving average is $3.61 and its two-hundred day moving average is $3.98. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

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.