BCGM Wealth Management LLC Increases Stock Position in Sibanye Stillwater Limited (NYSE:SBSW)

BCGM Wealth Management LLC increased its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,142 shares of the company’s stock after purchasing an additional 64,148 shares during the period. BCGM Wealth Management LLC owned 0.05% of Sibanye Stillwater worth $1,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBSW. AQR Capital Management LLC raised its holdings in shares of Sibanye Stillwater by 32.9% in the third quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company’s stock worth $31,045,000 after acquiring an additional 1,244,715 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Sibanye Stillwater by 14.8% during the third quarter. Invesco Ltd. now owns 4,240,509 shares of the company’s stock worth $26,164,000 after buying an additional 547,117 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Sibanye Stillwater by 1.4% during the fourth quarter. Raymond James & Associates now owns 1,970,811 shares of the company’s stock worth $10,702,000 after buying an additional 27,261 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Sibanye Stillwater by 0.8% in the third quarter. Tocqueville Asset Management L.P. now owns 1,249,000 shares of the company’s stock valued at $7,706,000 after buying an additional 10,000 shares during the last quarter. Finally, CI Investments Inc. lifted its stake in shares of Sibanye Stillwater by 4.6% during the third quarter. CI Investments Inc. now owns 974,370 shares of the company’s stock valued at $6,012,000 after buying an additional 43,268 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on SBSW shares. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. Royal Bank of Canada dropped their price target on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.

Sibanye Stillwater Price Performance

SBSW traded up $0.22 during trading on Friday, hitting $5.69. 12,273,700 shares of the company’s stock were exchanged, compared to its average volume of 6,511,676. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97. Sibanye Stillwater Limited has a 1 year low of $3.85 and a 1 year high of $7.82. The stock has a 50 day moving average price of $4.92 and a 200 day moving average price of $4.85.

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.