Sibanye Stillwater Limited (NYSE:SBSW) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 43.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,746 shares of the company’s stock after selling 253,742 shares during the period. Wellington Management Group LLP’s holdings in Sibanye Stillwater were worth $2,065,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC increased its holdings in Sibanye Stillwater by 32.9% in the third quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company’s stock valued at $31,045,000 after buying an additional 1,244,715 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Sibanye Stillwater by 21.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,504,344 shares of the company’s stock valued at $37,493,000 after buying an additional 781,346 shares during the last quarter. Invesco Ltd. increased its holdings in Sibanye Stillwater by 14.8% in the third quarter. Invesco Ltd. now owns 4,240,509 shares of the company’s stock valued at $26,164,000 after buying an additional 547,117 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Sibanye Stillwater by 71.8% in the second quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company’s stock valued at $39,658,000 after buying an additional 1,662,361 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Sibanye Stillwater by 163.2% in the third quarter. Morgan Stanley now owns 3,519,048 shares of the company’s stock valued at $21,713,000 after buying an additional 2,181,973 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Stillwater Trading Up 0.4 %

NYSE SBSW opened at $4.49 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97. Sibanye Stillwater Limited has a 52-week low of $3.85 and a 52-week high of $9.88. The business’s 50-day moving average price is $4.50 and its 200 day moving average price is $5.05.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Royal Bank of Canada dropped their price objective on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Friday, March 1st. Finally, BMO Capital Markets lowered Sibanye Stillwater from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $11.00 to $6.00 in a report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.00.

Sibanye Stillwater Company 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.