AdvisorShares Investments LLC Takes $1.39 Million Position in Sibanye Gold Limited $SBSW

AdvisorShares Investments LLC purchased a new position in shares of Sibanye Gold Limited (NYSE:SBSW) in the third quarter, HoldingsChannel.com reports. The fund purchased 123,400 shares of the company’s stock, valued at approximately $1,387,000.

Other large investors have also bought and sold shares of the company. Foster Group Inc. acquired a new position in Sibanye Gold in the third quarter valued at about $1,424,000. Arrowstreet Capital Limited Partnership grew its position in shares of Sibanye Gold by 1,136.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after buying an additional 3,212,833 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Sibanye Gold by 32,992.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after acquiring an additional 6,385,932 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Sibanye Gold by 3,802.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock valued at $2,862,000 after acquiring an additional 248,108 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Sibanye Gold by 31.2% in the 2nd quarter. American Century Companies Inc. now owns 1,996,606 shares of the company’s stock valued at $14,415,000 after acquiring an additional 474,386 shares during the period. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. BMO Capital Markets lifted their target price on Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Finally, HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.03.

Sibanye Gold Stock Performance

SBSW opened at $16.49 on Friday. The business’s 50-day moving average price is $15.56 and its two-hundred day moving average price is $11.94. Sibanye Gold Limited has a 1 year low of $3.05 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

About Sibanye Gold

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.