Cadence Wealth Management LLC Grows Stock Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Cadence Wealth Management LLC raised its position in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,466 shares of the company’s stock after buying an additional 4,815 shares during the quarter. Cadence Wealth Management LLC’s holdings in Sibanye Stillwater were worth $322,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Lingotto Investment Management LLP lifted its position in shares of Sibanye Stillwater by 1.0% during the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock valued at $91,733,000 after buying an additional 286,195 shares during the last quarter. Bridgewater Associates LP lifted its position in shares of Sibanye Stillwater by 10.9% during the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock valued at $13,467,000 after buying an additional 321,037 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after acquiring an additional 699,900 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater during the fourth quarter valued at about $9,446,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Sibanye Stillwater during the fourth quarter valued at about $5,814,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Stillwater Stock Performance

SBSW opened at $4.10 on Tuesday. Sibanye Stillwater Limited has a 52-week low of $3.05 and a 52-week high of $5.93. The firm’s 50-day moving average price is $3.69 and its 200-day moving average price is $3.95. 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 company has a market cap of $2.90 billion, a P/E ratio of 7.88 and a beta of 1.59.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their price objective on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Sibanye Stillwater has an average rating of “Hold” and an average target price of $4.79.

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.