TSP Capital Management Group LLC Boosts Stock Position in Sibanye Stillwater Limited (NYSE:SBSW)

TSP Capital Management Group LLC increased its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,075,175 shares of the company’s stock after purchasing an additional 81,400 shares during the quarter. Sibanye Stillwater makes up approximately 1.2% of TSP Capital Management Group LLC’s holdings, making the stock its 28th largest holding. TSP Capital Management Group LLC owned 0.15% of Sibanye Stillwater worth $3,548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBSW. Creative Planning grew its holdings in Sibanye Stillwater by 40.9% in the 3rd quarter. Creative Planning now owns 166,184 shares of the company’s stock valued at $683,000 after buying an additional 48,228 shares during the period. Blue Trust Inc. grew its holdings in Sibanye Stillwater by 1,931.5% in the 3rd 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 period. Raymond James & Associates lifted its stake in shares of Sibanye Stillwater by 8.5% in the 3rd quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock valued at $6,891,000 after purchasing an additional 131,990 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Sibanye Stillwater in the 3rd quarter valued at about $79,000. Finally, Signaturefd LLC lifted its stake in shares of Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after purchasing an additional 2,241 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analyst Upgrades and Downgrades

SBSW has been the topic 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. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. 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. Finally, Royal Bank of Canada lowered their price target on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.79.

Sibanye Stillwater Stock Down 0.9 %

Shares of NYSE SBSW opened at $3.95 on Friday. Sibanye Stillwater Limited has a twelve month low of $3.08 and a twelve month high of $5.93. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The business has a 50 day simple moving average of $3.69 and a 200-day simple moving average of $4.04.

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.