Dimensional Fund Advisors LP Sells 358,714 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Dimensional Fund Advisors LP trimmed its position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 10.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,933,745 shares of the company's stock after selling 358,714 shares during the period. Dimensional Fund Advisors LP owned 0.41% of Sibanye Stillwater worth $12,759,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBSW. Scarborough Advisors LLC bought a new position in shares of Sibanye Stillwater during the fourth quarter valued at $28,000. GAMMA Investing LLC lifted its holdings in Sibanye Stillwater by 62.6% during the 1st quarter. GAMMA Investing LLC now owns 8,837 shares of the company's stock worth $42,000 after buying an additional 3,401 shares during the period. Peapack Gladstone Financial Corp bought a new stake in shares of Sibanye Stillwater in the 4th quarter valued at about $56,000. Vanguard Capital Wealth Advisors acquired a new stake in shares of Sibanye Stillwater in the first quarter valued at about $50,000. Finally, Fermata Advisors LLC bought a new position in shares of Sibanye Stillwater during the first quarter worth about $52,000. Institutional investors own 34.93% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on SBSW shares. JPMorgan Chase & Co. reduced their target price on Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, July 3rd. BMO Capital Markets dropped their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Friday, September 13th. Two 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 stock presently has an average rating of "Hold" and an average price target of $5.17.

Sibanye Stillwater Stock Performance

Shares of NYSE SBSW traded up $0.16 during trading on Friday, hitting $4.67. 4,787,658 shares of the company traded hands, compared to its average volume of 7,181,983. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The business's fifty day moving average is $4.13 and its 200 day moving average is $4.59. Sibanye Stillwater Limited has a fifty-two week low of $3.08 and a fifty-two week high of $6.21.

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.