Bridgewater Associates LP Raises Position in Sibanye Stillwater Limited (NYSE:SBSW)

Bridgewater Associates LP raised its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,276,654 shares of the company’s stock after buying an additional 321,037 shares during the period. Bridgewater Associates LP owned about 0.46% of Sibanye Stillwater worth $13,467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP grew its holdings in shares of 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 last quarter. Millennium Management LLC increased its position in shares of Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after acquiring an additional 526,724 shares during the period. Lingotto Investment Management LLP raised its stake in shares of Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock valued at $99,186,000 after acquiring an additional 416,399 shares during the last quarter. Anthracite Investment Company Inc. boosted its holdings in shares of Sibanye Stillwater by 114.3% during the third quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock worth $2,788,000 after purchasing an additional 361,685 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Sibanye Stillwater by 53.2% in the second quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock worth $4,385,000 after purchasing an additional 349,835 shares during the last quarter. 34.93% of the stock is owned by institutional investors.

Sibanye Stillwater Stock Down 0.5 %

Shares of SBSW stock opened at $4.02 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average is $4.39 and its 200 day moving average is $4.45. Sibanye Stillwater Limited has a twelve month low of $3.08 and a twelve month high of $5.93.

Wall Street Analyst Weigh In

SBSW has been the subject of a number of recent analyst reports. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. BMO Capital Markets dropped 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. Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.98.

Sibanye Stillwater 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.