Sibanye Stillwater Limited (NYSE:SBSW) Stake Cut by Raymond James & Associates

Raymond James & Associates lessened its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 17.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,544,729 shares of the company’s stock after selling 319,860 shares during the period. Raymond James & Associates’ holdings in Sibanye Stillwater were worth $6,720,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Lingotto Investment Management LLP lifted its position in Sibanye Stillwater by 28.5% in the 4th quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock worth $119,283,000 after buying an additional 4,865,997 shares in the last quarter. Monaco Asset Management SAM boosted its position in Sibanye Stillwater by 167.0% during the fourth quarter. Monaco Asset Management SAM now owns 959,358 shares of the company’s stock valued at $5,209,000 after purchasing an additional 600,000 shares during the last quarter. Trexquant Investment LP grew its stake in Sibanye Stillwater by 12.0% in the fourth quarter. Trexquant Investment LP now owns 565,924 shares of the company’s stock valued at $3,073,000 after purchasing an additional 60,555 shares in the last quarter. Jump Financial LLC increased its position in Sibanye Stillwater by 29.8% in the 4th quarter. Jump Financial LLC now owns 531,968 shares of the company’s stock worth $2,889,000 after purchasing an additional 122,047 shares during the last quarter. Finally, BCGM Wealth Management LLC raised its stake in shares of Sibanye Stillwater by 2.3% during the 1st quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company’s stock worth $1,730,000 after purchasing an additional 8,246 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus target price of $5.67.

Sibanye Stillwater Stock Performance

Shares of NYSE:SBSW opened at $4.40 on Wednesday. Sibanye Stillwater Limited has a 1 year low of $3.85 and a 1 year high of $7.03. The firm has a fifty day moving average price of $4.43 and a 200 day moving average price of $4.66. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.11 billion, a PE ratio of 6.03 and a beta of 1.63.

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.