Potrero Capital Research LLC Acquires 261,190 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Potrero Capital Research LLC increased its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 1,431.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 279,437 shares of the company’s stock after purchasing an additional 261,190 shares during the period. Sibanye Stillwater accounts for 1.2% of Potrero Capital Research LLC’s holdings, making the stock its 23rd biggest holding. Potrero Capital Research LLC’s holdings in Sibanye Stillwater were worth $4,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SBSW. Grandview Asset Management LLC bought a new position in shares of Sibanye Stillwater during the first quarter valued at approximately $27,000. IFP Advisors Inc boosted its stake in Sibanye Stillwater by 236.2% in the first quarter. IFP Advisors Inc now owns 1,782 shares of the company’s stock valued at $32,000 after acquiring an additional 1,252 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Sibanye Stillwater by 66.5% in the first quarter. Pacer Advisors Inc. now owns 2,119 shares of the company’s stock valued at $38,000 after acquiring an additional 846 shares in the last quarter. Canton Hathaway LLC acquired a new stake in Sibanye Stillwater in the first quarter valued at approximately $47,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new stake in Sibanye Stillwater in the first quarter valued at approximately $81,000. Hedge funds and other institutional investors own 6.33% of the company’s stock.

Several brokerages have weighed in on SBSW. Zacks Investment Research downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 8th. Royal Bank of Canada restated a “buy” rating and issued a $30.00 target price on shares of Sibanye Stillwater in a research note on Sunday, April 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.00.

Shares of NYSE SBSW traded up $0.06 during midday trading on Thursday, reaching $16.31. The company had a trading volume of 32,357 shares, compared to its average volume of 2,161,435. The company’s 50-day moving average is $17.60. Sibanye Stillwater Limited has a 1 year low of $10.26 and a 1 year high of $20.68. The company has a current ratio of 2.99, a quick ratio of 1.56 and a debt-to-equity ratio of 0.25.

Sibanye Stillwater Profile

Sibanye Stillwater Ltd. engages in the provision of precious metals mining services. Its portfolio includes the platinum group metal (PGM) operations in the United States, South Africa, and Zimbabwe; gold operations and projects in South Africa; and copper, gold and PGM exploration properties in North and South America.

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Institutional Ownership by Quarter for Sibanye Stillwater (NYSE:SBSW)

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