Bridgewater Associates LP grew its holdings in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,276,654 shares of the company's stock after buying an additional 321,037 shares during the quarter. Bridgewater Associates LP owned 0.46% of Sibanye Stillwater worth $13,467,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV grew its position in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock valued at $31,000 after acquiring an additional 2,200 shares during the period. Signaturefd LLC grew its holdings in shares of Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company's stock worth $46,000 after purchasing an additional 2,241 shares during the last quarter. 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 worth $94,000 after purchasing an additional 2,674 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Sibanye Stillwater by 130.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company's stock worth $69,000 after purchasing an additional 8,607 shares in the last quarter. Finally, Cadence Wealth Management LLC lifted its holdings in Sibanye Stillwater by 10.6% during the 2nd quarter. Cadence Wealth Management LLC now owns 92,209 shares of the company's stock valued at $401,000 after purchasing an additional 8,845 shares during the last quarter. 34.93% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts have weighed in on SBSW shares. HSBC cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price objective on the stock. in a research note on Monday, November 4th. BMO Capital Markets dropped their price target on Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a report on Friday, September 13th. Hsbc Global Res lowered Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, Sibanye Stillwater currently has a consensus rating of "Hold" and an average price target of $4.98.
Get Our Latest Analysis on Sibanye Stillwater
Sibanye Stillwater Stock Performance
NYSE:SBSW traded up $0.07 during trading hours on Friday, hitting $4.09. 2,325,800 shares of the stock were exchanged, compared to its average volume of 6,087,347. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The company's 50 day moving average is $4.39 and its two-hundred day moving average is $4.44. Sibanye Stillwater Limited has a twelve month low of $3.08 and a twelve month high of $5.93.
About Sibanye Stillwater
(
Free Report)
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.
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