Sanctuary Advisors LLC Buys Shares of 208,028 Sibanye Stillwater Limited (NYSE:SBSW)

Sanctuary Advisors LLC purchased a new stake in Sibanye Stillwater Limited (NYSE:SBSW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 208,028 shares of the company’s stock, valued at approximately $905,000.

A number of other hedge funds also recently made changes to their positions in the business. Lingotto Investment Management LLP boosted its position in Sibanye Stillwater by 1.9% during the 2nd quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock worth $99,186,000 after acquiring an additional 416,399 shares during the period. Marshall Wace LLP lifted its holdings in Sibanye Stillwater by 3,256.8% in the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock worth $23,121,000 after purchasing an additional 5,156,931 shares during the period. Millennium Management LLC grew its position in Sibanye Stillwater by 65.1% in the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after buying an additional 526,724 shares in the last quarter. American Century Companies Inc. raised its position in shares of Sibanye Stillwater by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 1,123,276 shares of the company’s stock worth $4,886,000 after buying an additional 90,063 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Sibanye Stillwater by 53.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock worth $4,385,000 after acquiring an additional 349,835 shares during the period. Institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Trading Up 2.0 %

NYSE SBSW opened at $4.17 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. Sibanye Stillwater Limited has a 1 year low of $3.08 and a 1 year high of $6.21. The stock’s 50-day moving average price is $4.12 and its two-hundred day moving average price is $4.58.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SBSW shares. JPMorgan Chase & Co. lowered their price target on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. BMO Capital Markets cut 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 report on Friday, September 13th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, Sibanye Stillwater currently has a consensus rating of “Hold” and an average target price 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.