Sprott Inc. Purchases Shares of 15,808 Sibanye Stillwater Limited (NYSE:SBSW)

Sprott Inc. acquired a new stake in Sibanye Stillwater Limited (NYSE:SBSW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,808 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning lifted its stake in Sibanye Stillwater by 40.9% in the third quarter. Creative Planning now owns 166,184 shares of the company’s stock worth $683,000 after acquiring an additional 48,228 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after purchasing an additional 8,885 shares during the last quarter. Raymond James & Associates grew its stake in shares of Sibanye Stillwater by 8.5% during the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock worth $6,891,000 after purchasing an additional 131,990 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Sibanye Stillwater in the third quarter valued at $79,000. Finally, Signaturefd LLC raised its stake in Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after buying an additional 2,241 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SBSW shares. Royal Bank of Canada dropped their price objective on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a research note on Monday, November 4th. Finally, Hsbc Global Res downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.79.

Sibanye Stillwater Trading Down 3.3 %

SBSW opened at $3.36 on Thursday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a 52 week low of $3.08 and a 52 week high of $5.93. The business’s 50 day moving average is $3.62 and its two-hundred day moving average is $4.01. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 6.45 and a beta of 1.58.

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.