Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sibanye Gold Ltd (NYSE:SBGL) by 30.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 185,468 shares of the basic materials company’s stock after acquiring an additional 43,200 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Sibanye Gold worth $462,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Sibanye Gold by 13.2% during the second quarter. Bank of Montreal Can now owns 311,873 shares of the basic materials company’s stock valued at $755,000 after buying an additional 36,380 shares during the period. Tower Research Capital LLC TRC increased its holdings in Sibanye Gold by 2,705.1% during the second quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock valued at $116,000 after buying an additional 46,527 shares during the period. Ruffer LLP purchased a new position in Sibanye Gold during the third quarter valued at approximately $125,000. Northern Trust Corp increased its holdings in Sibanye Gold by 30.7% during the second quarter. Northern Trust Corp now owns 284,848 shares of the basic materials company’s stock valued at $689,000 after buying an additional 66,868 shares during the period. Finally, Symons Capital Management Inc. increased its holdings in Sibanye Gold by 77.7% during the third quarter. Symons Capital Management Inc. now owns 163,053 shares of the basic materials company’s stock valued at $406,000 after buying an additional 71,271 shares during the period. 56.07% of the stock is currently owned by institutional investors and hedge funds.
NYSE SBGL opened at $2.63 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85. Sibanye Gold Ltd has a 12-month low of $2.02 and a 12-month high of $5.50. The firm has a market capitalization of $638.10 million, a price-to-earnings ratio of -65.75 and a beta of -0.24.
SBGL has been the topic of several research reports. Zacks Investment Research raised shares of Sibanye Gold from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Citigroup lowered shares of Sibanye Gold from a “neutral” rating to a “sell” rating in a report on Tuesday, November 6th. ValuEngine raised shares of Sibanye Gold from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. Finally, Macquarie lowered shares of Sibanye Gold from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 28th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. Sibanye Gold presently has an average rating of “Hold” and a consensus price target of $2.75.
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About Sibanye Gold
Sibanye Gold Limited operates as a precious metals mining company in South Africa, Zimbabwe, and the United States. The company operates through PGM; and Gold and Uranium divisions. It owns and operates gold, and platinum group metals (PGM), including platinum, palladium, and rhodium operations and projects, as well as produces by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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