Sibanye Stillwater Limited (NYSE:SBSW) Holdings Reduced by Hara Capital LLC

Hara Capital LLC lowered its position in Sibanye Stillwater Limited (NYSE:SBSW) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,623 shares of the company’s stock after selling 5,800 shares during the quarter. Hara Capital LLC’s holdings in Sibanye Stillwater were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its position 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 valued at $31,000 after acquiring an additional 2,200 shares during the period. Petra Financial Advisors Inc. acquired a new position in shares of Sibanye Stillwater during the third quarter valued at $137,000. International Assets Investment Management LLC bought a new stake in shares of Sibanye Stillwater during the third quarter valued at about $99,000. Signaturefd LLC lifted its holdings in 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 period. Finally, Sequoia Financial Advisors LLC bought a new position in Sibanye Stillwater in the 3rd quarter valued at about $79,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a research report on Monday. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, BMO Capital Markets dropped their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.98.

Sibanye Stillwater Stock Up 4.5 %

NYSE:SBSW traded up $0.21 during trading hours on Thursday, reaching $4.88. 1,719,601 shares of the company’s stock were exchanged, compared to its average volume of 6,110,107. The company has a current ratio of 2.09, a quick ratio of 1.04 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 business’s 50-day simple moving average is $4.25 and its two-hundred day simple moving average is $4.51.

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.