Sibanye Gold Limited $SBSW Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 269.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,963 shares of the company’s stock after buying an additional 70,701 shares during the period. Janney Montgomery Scott LLC’s holdings in Sibanye Gold were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBSW. AQR Capital Management LLC increased its position in shares of Sibanye Gold by 113.9% in the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock valued at $183,000 after acquiring an additional 21,248 shares during the period. Millennium Management LLC raised its stake in shares of Sibanye Gold by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after buying an additional 2,487,648 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after buying an additional 2,370,443 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sibanye Gold in the first quarter worth about $55,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Sibanye Gold in the 2nd quarter worth approximately $186,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Gold Stock Performance

SBSW traded down $0.02 during trading on Friday, reaching $8.54. The company’s stock had a trading volume of 4,143,794 shares, compared to its average volume of 5,341,612. The firm has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $13.42. Sibanye Gold Limited has a 1 year low of $7.09 and a 1 year high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Zacks Research lowered Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.93.

Insider Buying and Selling

In related news, Director Richard Peter Menell acquired 15,000 shares of Sibanye Gold stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares in the company, valued at $55,023.75. This represents a 148.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.05% of the company’s stock.

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.