Anthracite Investment Company Inc. Increases Stock Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Anthracite Investment Company Inc. raised its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 114.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 678,228 shares of the company's stock after purchasing an additional 361,685 shares during the period. Anthracite Investment Company Inc. owned 0.10% of Sibanye Stillwater worth $2,788,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SBSW. Creative Financial Designs Inc. ADV raised its position in shares of Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock valued at $31,000 after purchasing an additional 2,200 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company's stock worth $46,000 after buying an additional 2,241 shares during the period. Fermata Advisors LLC grew its holdings in shares of Sibanye Stillwater by 13.2% during the third quarter. Fermata Advisors LLC now owns 22,968 shares of the company's stock valued at $94,000 after buying an additional 2,674 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Sibanye Stillwater by 130.1% in the 2nd 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. Finally, Cadence Wealth Management LLC raised its stake in Sibanye Stillwater by 10.6% in the 2nd quarter. Cadence Wealth Management LLC now owns 92,209 shares of the company's stock worth $401,000 after acquiring an additional 8,845 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SBSW shares. HSBC lowered Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 target price on the stock. in a research report on Monday, November 4th. Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. BMO Capital Markets lowered 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. Finally, Hsbc Global Res downgraded shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $4.98.

Sibanye Stillwater Price Performance

SBSW stock traded down $0.11 on Wednesday, hitting $4.20. The company's stock had a trading volume of 3,885,194 shares, compared to its average volume of 6,142,770. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a 1 year low of $3.08 and a 1 year high of $5.93. The firm has a 50 day moving average of $4.37 and a two-hundred day moving average of $4.47.

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.