Sibanye Stillwater Limited (NYSE:SBSW) Shares Purchased by Lingotto Investment Management LLP

Lingotto Investment Management LLP increased its holdings in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,801,391 shares of the company's stock after purchasing an additional 416,399 shares during the quarter. Sibanye Stillwater accounts for 3.3% of Lingotto Investment Management LLP's holdings, making the stock its 10th biggest position. Lingotto Investment Management LLP owned about 3.22% of Sibanye Stillwater worth $99,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Sibanye Stillwater by 62.6% during the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company's stock valued at $42,000 after acquiring an additional 3,401 shares in the last quarter. Rathbones Group PLC increased its stake in Sibanye Stillwater by 11.7% during the fourth quarter. Rathbones Group PLC now owns 32,537 shares of the company's stock valued at $177,000 after acquiring an additional 3,420 shares during the period. Quadrant Capital Group LLC lifted its position in Sibanye Stillwater by 36.9% in the fourth quarter. Quadrant Capital Group LLC now owns 16,701 shares of the company's stock worth $91,000 after purchasing an additional 4,500 shares during the period. Scarborough Advisors LLC bought a new position in shares of Sibanye Stillwater during the 4th quarter worth about $28,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Sibanye Stillwater by 15.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 47,304 shares of the company's stock valued at $257,000 after purchasing an additional 6,243 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SBSW shares. BMO Capital Markets decreased their target price on Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Friday, September 13th. JPMorgan Chase & Co. cut their price target on Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.17.

Sibanye Stillwater Stock Down 2.8 %

Shares of SBSW stock traded down $0.12 during trading on Wednesday, hitting $4.13. The company had a trading volume of 5,133,160 shares, compared to its average volume of 6,001,856. Sibanye Stillwater Limited has a one year low of $3.08 and a one year high of $6.99. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The stock's 50-day moving average price is $4.19 and its 200 day moving average price is $4.60.

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.