EverSource Wealth Advisors LLC Increases Stake in Sibanye Stillwater Limited (NYSE:SBSW)

EverSource Wealth Advisors LLC raised its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 130.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,223 shares of the company’s stock after buying an additional 8,607 shares during the period. EverSource Wealth Advisors LLC’s holdings in Sibanye Stillwater were worth $69,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in Sibanye Stillwater by 62.6% during the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock valued at $42,000 after buying an additional 3,401 shares during the last quarter. Rathbones Group PLC increased its holdings in Sibanye Stillwater by 11.7% during the fourth quarter. Rathbones Group PLC now owns 32,537 shares of the company’s stock valued at $177,000 after buying an additional 3,420 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Sibanye Stillwater in the fourth quarter worth approximately $28,000. BCGM Wealth Management LLC boosted its position in shares of Sibanye Stillwater by 2.3% in the first quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company’s stock worth $1,730,000 after purchasing an additional 8,246 shares during the period. Finally, Cadence Wealth Management LLC boosted its position in shares of Sibanye Stillwater by 10.6% in the second quarter. Cadence Wealth Management LLC now owns 92,209 shares of the company’s stock worth $401,000 after purchasing an additional 8,845 shares during the period. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Stillwater Trading Down 3.1 %

Shares of NYSE:SBSW opened at $4.37 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The firm has a fifty day moving average price of $4.12 and a 200 day moving average price of $4.59. Sibanye Stillwater Limited has a fifty-two week low of $3.08 and a fifty-two week high of $6.38.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SBSW. JPMorgan Chase & Co. dropped their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. BMO Capital Markets dropped their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.17.

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.