Goehring & Rozencwajg Associates LLC Makes New Investment in Sibanye Stillwater Limited (NYSE:SBSW)

Goehring & Rozencwajg Associates LLC acquired a new stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,653,480 shares of the company’s stock, valued at approximately $9,446,000. Sibanye Stillwater makes up about 1.9% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV increased its stake in Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after acquiring an additional 2,200 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after purchasing an additional 8,885 shares in the last quarter. Blankinship & Foster LLC bought a new stake in Sibanye Stillwater in the third quarter worth $41,000. Atomi Financial Group Inc. bought a new position in Sibanye Stillwater during the fourth quarter valued at $43,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of Sibanye Stillwater in the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Stock Performance

Shares of NYSE SBSW opened at $3.91 on Friday. Sibanye Stillwater Limited has a 1 year low of $3.08 and a 1 year high of $5.93. The firm has a 50-day simple moving average of $3.70 and a two-hundred day simple moving average of $4.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SBSW. Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a research report on Monday, November 4th. Finally, Hsbc Global Res downgraded Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.98.

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.