Sibanye Stillwater Limited (NYSE:SBSW) Position Lifted by Lingotto Investment Management LLP

Lingotto Investment Management LLP lifted its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 1.0% during the 4th quarter, Holdings Channel reports. The fund owned 27,798,014 shares of the company’s stock after buying an additional 286,195 shares during the quarter. Sibanye Stillwater comprises 2.5% of Lingotto Investment Management LLP’s portfolio, making the stock its 10th largest holding. Lingotto Investment Management LLP’s holdings in Sibanye Stillwater were worth $91,733,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SBSW. Goehring & Rozencwajg Associates LLC purchased a new position in shares of Sibanye Stillwater during the 4th quarter worth $9,446,000. Two Sigma Advisers LP increased its position in shares of Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after purchasing an additional 699,900 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Sibanye Stillwater during the 3rd quarter worth about $2,367,000. ABC Arbitrage SA acquired a new stake in shares of Sibanye Stillwater during the 4th quarter worth about $1,332,000. Finally, Anthracite Investment Company Inc. increased its position in shares of Sibanye Stillwater by 114.3% during the 3rd quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock worth $2,788,000 after purchasing an additional 361,685 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Stock Performance

Shares of NYSE SBSW opened at $3.48 on Wednesday. Sibanye Stillwater Limited has a 12-month low of $3.08 and a 12-month high of $5.93. 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 stock’s 50 day simple moving average is $3.63 and its 200 day simple moving average is $4.01.

Analyst Upgrades and Downgrades

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

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.