Signaturefd LLC Increases Stake in Sibanye Stillwater Limited (NYSE:SBSW)

Signaturefd LLC boosted its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 24.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,236 shares of the company’s stock after purchasing an additional 2,241 shares during the period. Signaturefd LLC’s holdings in Sibanye Stillwater were worth $46,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Lingotto Investment Management LLP increased its stake in Sibanye Stillwater by 1.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock worth $99,186,000 after purchasing an additional 416,399 shares during the period. Marshall Wace LLP increased its stake in Sibanye Stillwater by 3,256.8% in the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock worth $23,121,000 after purchasing an additional 5,156,931 shares during the period. Raymond James & Associates increased its stake in Sibanye Stillwater by 8.5% in the 3rd quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock worth $6,891,000 after purchasing an additional 131,990 shares during the period. Millennium Management LLC grew its position in shares of Sibanye Stillwater by 65.1% in the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock worth $5,809,000 after buying an additional 526,724 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Sibanye Stillwater by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 1,123,276 shares of the company’s stock worth $4,886,000 after buying an additional 90,063 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Stillwater Stock Up 3.4 %

NYSE SBSW opened at $5.21 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. Sibanye Stillwater Limited has a twelve month low of $3.08 and a twelve month high of $5.93. The stock’s 50 day moving average is $4.22 and its 200 day moving average is $4.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets cut their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.17.

Sibanye Stillwater 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.