Goehring & Rozencwajg Associates LLC Buys Shares of 2,653,480 Sibanye Stillwater Limited (NYSE:SBSW)

Goehring & Rozencwajg Associates LLC purchased a new position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,653,480 shares of the company's stock, valued at approximately $9,446,000. Sibanye Stillwater comprises about 1.9% of Goehring & Rozencwajg Associates LLC's portfolio, making the stock its 21st biggest holding. Goehring & Rozencwajg Associates LLC owned approximately 0.37% of Sibanye Stillwater at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBSW. Creative Financial Designs Inc. ADV boosted its holdings in Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock worth $31,000 after acquiring an additional 2,200 shares during the period. Signaturefd LLC boosted its stake in Sibanye Stillwater by 24.9% during the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company's stock valued at $46,000 after purchasing an additional 2,241 shares in the last quarter. Fermata Advisors LLC raised 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 acquiring an additional 2,674 shares during the period. HighTower Advisors LLC grew its position in Sibanye Stillwater by 6.7% during the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company's stock valued at $199,000 after purchasing an additional 3,045 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Sibanye Stillwater by 5.6% during the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company's stock valued at $418,000 after buying an additional 5,428 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Stillwater Stock Up 0.8 %

SBSW traded up $0.03 during trading hours on Wednesday, reaching $3.99. The company's stock had a trading volume of 7,813,607 shares, compared to its average volume of 6,524,944. Sibanye Stillwater Limited has a 52 week low of $3.08 and a 52 week high of $5.93. The company's 50-day moving average is $3.69 and its 200-day moving average is $4.05. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. HSBC downgraded 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. Hsbc Global Res cut shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $4.98.

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.