Vanguard Capital Wealth Advisors Takes Position in Sibanye Stillwater Limited (NYSE:SBSW)

Vanguard Capital Wealth Advisors bought a new position in shares of Sibanye Stillwater Limited (NYSE:SBSW) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,513 shares of the company’s stock, valued at approximately $50,000.

A number of other large investors have also recently made changes to their positions in the company. QRG Capital Management Inc. acquired a new position in shares of Sibanye Stillwater during the 3rd quarter worth about $110,000. Cantor Fitzgerald L. P. purchased a new position in Sibanye Stillwater in the fourth quarter valued at approximately $82,000. Raymond James & Associates raised its holdings in 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 purchasing an additional 27,261 shares in the last quarter. Lingotto Investment Management LLP lifted its position in shares of Sibanye Stillwater by 28.5% during 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 during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Sibanye Stillwater by 14.8% during the 3rd 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 during the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Stillwater Price Performance

Sibanye Stillwater stock traded down $0.11 during midday trading on Thursday, hitting $4.29. 3,901,789 shares of the company’s stock were exchanged, compared to its average volume of 6,203,372. The firm’s 50 day simple moving average is $4.87 and its 200 day simple moving average is $4.84. Sibanye Stillwater Limited has a 12-month low of $3.85 and a 12-month high of $7.78. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

SBSW has been the topic of several research analyst reports. Royal Bank of Canada cut their price target on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. Jefferies Financial Group downgraded Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Sibanye Stillwater has a consensus rating of “Hold” and a consensus target price of $6.00.

Sibanye Stillwater 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.