Anthracite Investment Company Inc. Acquires 361,685 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Anthracite Investment Company Inc. grew its position in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 114.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 678,228 shares of the company’s stock after buying an additional 361,685 shares during the quarter. Anthracite Investment Company Inc. owned 0.10% of Sibanye Stillwater worth $2,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of SBSW. Lingotto Investment Management LLP grew its position in Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock valued at $99,186,000 after buying an additional 416,399 shares during the period. Marshall Wace LLP increased its stake in Sibanye Stillwater by 3,256.8% during the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock worth $23,121,000 after acquiring an additional 5,156,931 shares during the last quarter. Raymond James & Associates raised its stake 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 acquiring an additional 131,990 shares during the period. Millennium Management LLC raised its holdings in shares of Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock worth $5,809,000 after buying an additional 526,724 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Sibanye Stillwater by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 1,123,276 shares of the company’s stock valued at $4,886,000 after buying an additional 90,063 shares in the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBSW has been the topic of several research reports. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a report on Monday, November 4th. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. BMO Capital Markets cut their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. Finally, Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.98.

Sibanye Stillwater Stock Up 1.4 %

NYSE:SBSW opened at $4.31 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The stock’s 50-day moving average price is $4.37 and its 200-day moving average price is $4.47. Sibanye Stillwater Limited has a 52 week low of $3.08 and a 52 week high of $5.93.

Sibanye Stillwater Company 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.