International Assets Investment Management LLC Acquires 13,834 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

International Assets Investment Management LLC grew its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 46.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,500 shares of the company’s stock after buying an additional 13,834 shares during the period. International Assets Investment Management LLC’s holdings in Sibanye Stillwater were worth $236,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Sibanye Stillwater by 32.9% in the 3rd quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company’s stock worth $31,045,000 after purchasing an additional 1,244,715 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Sibanye Stillwater by 14.8% in the 3rd quarter. Invesco Ltd. now owns 4,240,509 shares of the company’s stock worth $26,164,000 after purchasing an additional 547,117 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Sibanye Stillwater by 1.4% in the 4th quarter. Raymond James & Associates now owns 1,970,811 shares of the company’s stock worth $10,702,000 after purchasing an additional 27,261 shares in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of Sibanye Stillwater by 0.8% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,249,000 shares of the company’s stock worth $7,706,000 after purchasing an additional 10,000 shares in the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Sibanye Stillwater by 4.6% in the 3rd quarter. CI Investments Inc. now owns 974,370 shares of the company’s stock worth $6,012,000 after purchasing an additional 43,268 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors.

Sibanye Stillwater Trading Up 1.6 %

Shares of NYSE SBSW opened at $4.93 on Friday. Sibanye Stillwater Limited has a 52 week low of $3.85 and a 52 week high of $9.88. The business has a 50-day simple moving average of $4.72 and a two-hundred day simple moving average of $4.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.70.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SBSW. Jefferies Financial Group cut Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Royal Bank of Canada lowered their price target on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

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.