Lingotto Investment Management LLP Increases Stock Position in Sibanye Stillwater Limited (NYSE:SBSW)

Lingotto Investment Management LLP raised its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,798,014 shares of the company's stock after purchasing an additional 286,195 shares during the period. Sibanye Stillwater accounts for 2.5% of Lingotto Investment Management LLP's portfolio, making the stock its 10th largest position. Lingotto Investment Management LLP owned approximately 3.93% of Sibanye Stillwater worth $91,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sprott Inc. bought a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $52,000. BCGM Wealth Management LLC increased its stake in shares of Sibanye Stillwater by 2.8% during the fourth quarter. BCGM Wealth Management LLC now owns 637,654 shares of the company's stock valued at $2,104,000 after purchasing an additional 17,402 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of Sibanye Stillwater during the fourth quarter valued at approximately $166,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Sibanye Stillwater during the fourth quarter valued at approximately $68,000. Finally, Rhumbline Advisers grew its holdings in shares of Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after buying an additional 3,120 shares during the last quarter. Institutional investors own 34.93% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently commented on SBSW. Royal Bank of Canada cut their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Hsbc Global Res cut shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, HSBC cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 target price on the stock. in a report on Monday, November 4th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Sibanye Stillwater presently has an average rating of "Hold" and an average price target of $4.79.

Sibanye Stillwater Stock Performance

Shares of Sibanye Stillwater stock traded up $0.01 on Friday, hitting $3.21. 11,343,969 shares of the company's stock were exchanged, compared to its average volume of 7,227,268. The company has a 50-day simple moving average of $3.61 and a 200-day simple moving average of $4.00. The stock has a market capitalization of $2.27 billion, a PE ratio of 6.16 and a beta of 1.58. Sibanye Stillwater Limited has a 1 year low of $3.05 and a 1 year high of $5.93. 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 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.