Sibanye Gold Limited $SBSW Stake Raised by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 105.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 326,739 shares of the company’s stock after purchasing an additional 167,530 shares during the period. New York State Common Retirement Fund’s holdings in Sibanye Gold were worth $3,673,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ORG Partners LLC grew its position in Sibanye Gold by 178.2% during the third quarter. ORG Partners LLC now owns 3,606 shares of the company’s stock valued at $41,000 after purchasing an additional 2,310 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Sibanye Gold by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after buying an additional 934 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Sibanye Gold by 36.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,254 shares of the company’s stock valued at $104,000 after acquiring an additional 2,449 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Sibanye Gold in the third quarter worth $121,000. Finally, SwitchPoint Financial Planning LLC purchased a new stake in shares of Sibanye Gold during the second quarter worth $79,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $16.49 on Friday. 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 fifty day simple moving average of $15.56 and a 200-day simple moving average of $11.94. Sibanye Gold Limited has a 1-year low of $3.05 and a 1-year high of $21.29.

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.