Lingotto Investment Management LL recently announced the acquisition of new stake in Sibanye Stillwater Limited ADR (NYSE:SBSW). This fresh investment now brings its stake to 2.42% valued currently at $86.88 million. In addition, AQR Capital Management LLC raised its holdings by 1.24 million to 5.03 million shares. And Invesco Advisers, Inc. has lifted its position by 12.01% or 0.43 million shares – to 3.97 million shares.
With over 41.81 million Sibanye Stillwater Limited ADR (SBSW) shares trading Tuesday and a closing price of $4.27 on the day, the dollar volume was approximately $178.54 million. The shares have shown a negative half year performance of -44.04% and its price on 11/21/23 lost nearly -17.88%. Currently, there are 707.59M common shares owned by the public and among those 706.80M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for SBSW have a consensus price objective of $7.15. The analysts have set the share’s price value over the next 12 months at a high of $11.00 and a low of $4.16. The average price target is 40.28% above its recent price level and a downside to the estimated low will see the stock lose -2.64% over that period. But an upside of 61.18% will see the stock hit the forecast high price target while median target price for the stock is $7.05.
The top 3 mutual fund holders in Sibanye Stillwater Limited ADR are Invesco Gold and Special Minerals, Columbia Overseas Value Fund, and DFA Dimensional Emerging Markets. Invesco Gold and Special Minerals owns 3.96 million shares of the company’s stock, all valued at over $20.13 million. The company bought an additional 0.42 million shares recently to bring their total holdings to about 0.56% of the shares outstanding. DFA Dimensional Emerging Markets now owns shares totaling to 0.18% of the shares outstanding.
Shares of Sibanye Stillwater Limited ADR (NYSE: SBSW) opened at $4.00, down -$1.2 from a prior closing price of $5.20. However, the script later moved the day high at 4.3800, down -17.88%. The company’s stock has a 5-day price change of -20.04% and -37.76% over the past three months. SBSW shares are trading -59.94% year to date (YTD), with the 12-month market performance down to -58.78% lower. It has a 12-month low price of $4.64 and touched a high of $12.44 over the same period. SBSW has an average intraday trading volume of 4.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -16.49%, -24.39%, and -40.57% respectively.
Institutional ownership of Sibanye Stillwater Limited ADR (NYSE: SBSW) shares accounts for 11.08% of the company’s 707.59M shares outstanding. Mutual fund holders own 3.42%, while other institutional holders and individual stakeholders account for 7.69% and — respectively.
It has a market capitalization of $3.02B and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 3.90, while the earnings-per-share (ttm) stands at $1.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.37% over the week and 3.96% over the month.
Analysts forecast that Sibanye Stillwater Limited ADR (SBSW) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.23 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -58.45%, and 26.67% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Sibanye Stillwater Limited ADR (SBSW) as a “Moderate Buy” at a consensus score of 2.78. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 2 of the 9 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the SBSW, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on October 18, 2023, with the firm’s price target at $9-$6.50.
