Sowell Financial Services LLC Has $224,000 Holdings in Sibanye Gold Limited $SBSW

Sowell Financial Services LLC decreased its position in shares of Sibanye Gold Limited (NYSE:SBSW) by 77.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,953 shares of the company’s stock after selling 68,592 shares during the quarter. Sowell Financial Services LLC’s holdings in Sibanye Gold were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SBSW. AQR Capital Management LLC lifted its holdings in shares of Sibanye Gold by 113.9% during the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock worth $183,000 after acquiring an additional 21,248 shares during the period. Millennium Management LLC raised its position in Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after purchasing an additional 2,487,648 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after purchasing an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Sibanye Gold during the first quarter worth $55,000. Finally, Strs Ohio acquired a new stake in shares of Sibanye Gold in the 1st quarter valued at $343,000. 34.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on SBSW shares. Zacks Research raised Sibanye Gold to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.90.

Sibanye Gold Stock Performance

NYSE SBSW opened at $14.44 on Friday. Sibanye Gold Limited has a twelve month low of $3.05 and a twelve month high of $15.82. The business’s fifty day moving average is $12.49 and its 200 day moving average is $10.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

Sibanye Gold Company Profile

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.