Schroder Investment Management Group Increases Position in Sibanye Gold Ltd (SBGL)

Schroder Investment Management Group boosted its position in Sibanye Gold Ltd (NYSE:SBGL) by 13.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,596,329 shares of the basic materials company’s stock after acquiring an additional 189,916 shares during the period. Schroder Investment Management Group owned 0.65% of Sibanye Gold worth $3,975,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sibanye Gold by 30.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,468 shares of the basic materials company’s stock valued at $462,000 after buying an additional 43,200 shares during the last quarter. Symons Capital Management Inc. boosted its position in shares of Sibanye Gold by 77.7% during the third quarter. Symons Capital Management Inc. now owns 163,053 shares of the basic materials company’s stock valued at $406,000 after buying an additional 71,271 shares during the last quarter. BlackRock Inc. boosted its position in shares of Sibanye Gold by 9.8% during the third quarter. BlackRock Inc. now owns 3,618,653 shares of the basic materials company’s stock valued at $9,011,000 after buying an additional 321,510 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sibanye Gold by 1,195.1% during the third quarter. JPMorgan Chase & Co. now owns 1,717,405 shares of the basic materials company’s stock valued at $4,276,000 after buying an additional 1,584,798 shares during the last quarter. Finally, Ruffer LLP purchased a new stake in shares of Sibanye Gold during the third quarter valued at $125,000. 56.07% of the stock is owned by institutional investors and hedge funds.

SBGL stock opened at $2.79 on Friday. Sibanye Gold Ltd has a fifty-two week low of $2.02 and a fifty-two week high of $5.50. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85. The stock has a market capitalization of $647.96 million, a price-to-earnings ratio of -69.75 and a beta of -0.24.

A number of research firms have weighed in on SBGL. Macquarie downgraded Sibanye Gold from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 28th. Zacks Investment Research downgraded Sibanye Gold from a “buy” rating to a “sell” rating in a report on Wednesday, September 12th. Citigroup downgraded Sibanye Gold from a “neutral” rating to a “sell” rating in a report on Tuesday, November 6th. Finally, ValuEngine downgraded Sibanye Gold from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.75.

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Sibanye Gold Company Profile

Sibanye Gold Limited operates as a precious metals mining company in South Africa, Zimbabwe, and the United States. The company operates through PGM; and Gold and Uranium divisions. It owns and operates gold, and platinum group metals (PGM), including platinum, palladium, and rhodium operations and projects, as well as produces by-products, such as iridium, ruthenium, nickel, copper, and chrome.

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Institutional Ownership by Quarter for Sibanye Gold (NYSE:SBGL)

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