BCGM Wealth Management LLC Buys 17,402 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

BCGM Wealth Management LLC raised its stake in Sibanye Stillwater Limited (NYSE:SBSW) by 2.8% in the fourth quarter, Holdings Channel reports. The firm owned 637,654 shares of the company’s stock after acquiring an additional 17,402 shares during the quarter. BCGM Wealth Management LLC’s holdings in Sibanye Stillwater were worth $2,104,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bridgewater Associates LP increased its stake in shares of Sibanye Stillwater by 10.9% during the 3rd quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock worth $13,467,000 after purchasing an additional 321,037 shares during the last quarter. Two Sigma Advisers LP increased its position in Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after buying an additional 699,900 shares during the last quarter. Goehring & Rozencwajg Associates LLC bought a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $9,446,000. Raymond James & Associates lifted its position in shares of Sibanye Stillwater by 8.5% in the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock valued at $6,891,000 after buying an additional 131,990 shares during the last quarter. Finally, TSP Capital Management Group LLC increased its holdings in shares of Sibanye Stillwater by 8.2% during the 4th quarter. TSP Capital Management Group LLC now owns 1,075,175 shares of the company’s stock worth $3,548,000 after acquiring an additional 81,400 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Stillwater Trading Down 5.8 %

Shares of Sibanye Stillwater stock opened at $3.52 on Monday. The company has a 50-day simple moving average of $3.64 and a two-hundred day simple moving average of $4.02. Sibanye Stillwater Limited has a twelve month low of $3.08 and a twelve month high of $5.93. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

A number of equities analysts have commented on SBSW shares. Royal Bank of Canada reduced their price objective on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, HSBC cut Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently 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.