Sibanye Stillwater Limited (NYSE:SBSW) Shares Bought by Lingotto Investment Management LLP

Lingotto Investment Management LLP raised its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 22,801,391 shares of the company’s stock after purchasing an additional 416,399 shares during the period. Sibanye Stillwater comprises 3.3% of Lingotto Investment Management LLP’s portfolio, making the stock its 10th largest holding. Lingotto Investment Management LLP’s holdings in Sibanye Stillwater were worth $99,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SBSW. Scarborough Advisors LLC purchased a new stake in shares of Sibanye Stillwater in the fourth quarter valued at about $28,000. GAMMA Investing LLC raised its holdings in shares of Sibanye Stillwater by 62.6% in 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. Peapack Gladstone Financial Corp purchased a new stake in shares of Sibanye Stillwater in the fourth quarter valued at about $56,000. Vanguard Capital Wealth Advisors purchased a new stake in shares of Sibanye Stillwater in the first quarter valued at about $50,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sibanye Stillwater by 832.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,956 shares of the company’s stock valued at $59,000 after buying an additional 9,781 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a 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. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.17.

Sibanye Stillwater Stock Up 1.2 %

NYSE SBSW opened at $4.25 on Wednesday. Sibanye Stillwater Limited has a 52-week low of $3.08 and a 52-week high of $6.99. The firm has a 50-day moving average price of $4.19 and a 200 day moving average price of $4.60. 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 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.