Lingotto Investment Management LL recently announced the acquisition of new stake in Sibanye Stillwater Limited ADR (NYSE:SBSW). The institutional investor has increased its shareholding in the Basic Materials company by 28.45% to 21.97 million shares with purchase of 4.87 million shares. This fresh investment now brings its stake to 3.10% valued currently at $97.97 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.
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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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 $17.67 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.
However, the script later moved the day high at 5.65, up 5.71%. The company’s stock has a 5-day price change of 24.16% and -18.74% over the past three months. SBSW shares are trading -47.94% year to date (YTD), with the 12-month market performance down to -44.83% lower. It has a 12-month low price of $4.00 and touched a high of $12.44 over the same period. SBSW has an average intraday trading volume of 5.90 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 18.35%, 9.24%, and -17.86% respectively.
Institutional ownership of Sibanye Stillwater Limited ADR (NYSE: SBSW) shares accounts for 11.67% of the company’s 707.59M shares outstanding. Mutual fund holders own 3.11%, while other institutional holders and individual stakeholders account for 8.50% and — respectively.
It has a market capitalization of $3.93B and a beta (3y monthly) value of 1.74. The stock’s trailing 12-month PE ratio is 5.06, 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 4.87% over the week and 4.57% 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 $0.27 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 -60.61%, and 27.82% over the next financial year.
