Signaturefd LLC Increases Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Signaturefd LLC raised its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 24.9% in the third quarter, Holdings Channel reports. The institutional investor owned 11,236 shares of the company’s stock after buying an additional 2,241 shares during the quarter. Signaturefd LLC’s holdings in Sibanye Stillwater were worth $46,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SBSW. Blue Trust Inc. raised its stake in Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after buying an additional 8,885 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sibanye Stillwater in the third quarter worth $46,000. Pine Valley Investments Ltd Liability Co purchased a new position in shares of Sibanye Stillwater in the second quarter worth $64,000. Aprio Wealth Management LLC purchased a new position in shares of Sibanye Stillwater in the second quarter worth $65,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Sibanye Stillwater by 130.1% in the second quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company’s stock worth $69,000 after purchasing an additional 8,607 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

SBSW has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets decreased their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.17.

Sibanye Stillwater Stock Performance

Sibanye Stillwater stock opened at $5.21 on Wednesday. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a one year low of $3.08 and a one year high of $5.93. The stock has a fifty day moving average of $4.22 and a 200 day moving average of $4.53.

About Sibanye Stillwater

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.