LPL Financial LLC Has $1.70 Million Stock Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

LPL Financial LLC lifted its holdings in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 49.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,885 shares of the company's stock after purchasing an additional 170,912 shares during the quarter. LPL Financial LLC owned 0.07% of Sibanye Stillwater worth $1,699,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC bought a new position in shares of Sibanye Stillwater in the 4th quarter valued at about $9,446,000. Lingotto Investment Management LLP increased its position in Sibanye Stillwater by 1.0% during the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock worth $91,733,000 after buying an additional 286,195 shares during the last quarter. ABC Arbitrage SA bought a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $1,332,000. Rhumbline Advisers lifted its position in shares of Sibanye Stillwater by 32.3% in 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. Finally, Barclays PLC bought a new position in shares of Sibanye Stillwater during the 3rd quarter worth approximately $329,000. Institutional investors own 34.93% of the company's stock.

Sibanye Stillwater Price Performance

SBSW remained flat at $5.02 during trading on Tuesday. The company had a trading volume of 17,343,133 shares, compared to its average volume of 7,097,625. Sibanye Stillwater Limited has a twelve month low of $3.05 and a twelve month high of $5.91. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 9.65 and a beta of 1.08. The stock has a 50 day simple moving average of $4.01 and a 200 day simple moving average of $4.00.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $4.70 to $5.30 in a report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.05.

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.