Bridgewater Associates LP Buys 321,037 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Bridgewater Associates LP raised its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 10.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,276,654 shares of the company’s stock after buying an additional 321,037 shares during the quarter. Bridgewater Associates LP’s holdings in Sibanye Stillwater were worth $13,467,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its position in shares of Sibanye Stillwater by 40.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after acquiring an additional 2,200 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Sibanye Stillwater by 1,931.5% in the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after purchasing an additional 8,885 shares in the last quarter. Signaturefd LLC raised its stake in shares of Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after purchasing an additional 2,241 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sibanye Stillwater in the third quarter worth $46,000. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of Sibanye Stillwater during the second quarter valued at $64,000. 34.93% of the stock is owned by institutional investors.

Sibanye Stillwater Stock Down 0.5 %

Shares of SBSW stock opened at $4.02 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a 12 month low of $3.08 and a 12 month high of $5.93. The company has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $4.45.

Analysts Set New Price Targets

A number of brokerages have weighed in on SBSW. BMO Capital Markets decreased their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 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. HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research report on Monday, November 4th. Finally, Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. 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 data from MarketBeat.com, Sibanye Stillwater has an average rating of “Hold” and a consensus target price of $4.98.

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.