Lingotto Investment Management LLP Has $91.73 Million Stake in Sibanye Stillwater Limited (NYSE:SBSW)

Lingotto Investment Management LLP lifted its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 27,798,014 shares of the company’s stock after acquiring an additional 286,195 shares during the period. Sibanye Stillwater makes up approximately 2.5% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 10th largest holding. Lingotto Investment Management LLP owned 3.93% of Sibanye Stillwater worth $91,733,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SBSW. Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Sibanye Stillwater during the fourth quarter worth about $9,446,000. Two Sigma Advisers LP boosted its position in Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after buying an additional 699,900 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Sibanye Stillwater in the third quarter valued at approximately $2,367,000. ABC Arbitrage SA purchased a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $1,332,000. Finally, Anthracite Investment Company Inc. boosted its position in Sibanye Stillwater by 114.3% in the third quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock valued at $2,788,000 after buying an additional 361,685 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Stock Down 2.7 %

NYSE SBSW opened at $3.48 on Wednesday. The business has a fifty day moving average price of $3.63 and a 200 day moving average price of $4.01. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater Limited has a one year low of $3.08 and a one year high of $5.93.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research report on Monday, November 4th. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada lowered their price objective on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.79.

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.