American Century Companies Inc. Purchases 474,386 Shares of Sibanye Gold Limited $SBSW

American Century Companies Inc. boosted its holdings in Sibanye Gold Limited (NYSE:SBSW) by 31.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,996,606 shares of the company’s stock after acquiring an additional 474,386 shares during the quarter. American Century Companies Inc.’s holdings in Sibanye Gold were worth $14,415,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its holdings in shares of Sibanye Gold by 13.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,659 shares of the company’s stock worth $81,000 after purchasing an additional 2,050 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Sibanye Gold by 14.0% during the first quarter. Cetera Investment Advisers now owns 139,499 shares of the company’s stock valued at $639,000 after buying an additional 17,160 shares during the last quarter. Banco Santander S.A. increased its holdings in Sibanye Gold by 9.8% in the 1st quarter. Banco Santander S.A. now owns 32,926 shares of the company’s stock worth $151,000 after buying an additional 2,952 shares in the last quarter. Aigen Investment Management LP purchased a new position in Sibanye Gold in the 1st quarter worth about $382,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Sibanye Gold in the 1st quarter worth about $108,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Gold Stock Down 1.4%

Shares of NYSE SBSW opened at $12.47 on Thursday. Sibanye Gold Limited has a 12-month low of $3.05 and a 12-month high of $13.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. The firm has a 50 day moving average of $11.37 and a 200 day moving average of $9.10.

Wall Street Analysts Forecast Growth

SBSW has been the topic of a number of recent analyst reports. Zacks Research raised shares of Sibanye Gold to a “hold” rating in a report on Monday, October 20th. BMO Capital Markets increased their price objective on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.90.

About Sibanye Gold

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.