Symons Capital Management Inc. decreased its holdings in shares of Sibanye Gold Ltd (NYSE:SBGL) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,265 shares of the basic materials company’s stock after selling 1,493 shares during the period. Symons Capital Management Inc.’s holdings in Sibanye Gold were worth $320,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Walleye Trading Advisors LLC bought a new position in Sibanye Gold during the 2nd quarter valued at approximately $76,000. CoreCommodity Management LLC raised its position in Sibanye Gold by 53.9% during the 2nd quarter. CoreCommodity Management LLC now owns 17,217 shares of the basic materials company’s stock valued at $82,000 after purchasing an additional 6,027 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Sibanye Gold during the 2nd quarter valued at approximately $89,000. Campbell & CO Investment Adviser LLC bought a new position in Sibanye Gold during the 2nd quarter valued at approximately $93,000. Finally, Comerica Bank raised its position in Sibanye Gold by 8.1% during the 3rd quarter. Comerica Bank now owns 33,979 shares of the basic materials company’s stock valued at $244,000 after purchasing an additional 2,557 shares during the last quarter. 24.42% of the stock is owned by institutional investors and hedge funds.
Shares of SBGL stock traded down $0.14 during midday trading on Friday, reaching $7.04. 6,412,437 shares of the stock were exchanged, compared to its average volume of 4,240,240. Sibanye Gold Ltd has a 1 year low of $2.25 and a 1 year high of $7.69. The company’s 50 day moving average is $6.49 and its two-hundred day moving average is $5.01. The company has a current ratio of 1.26, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. The firm has a market cap of $4.13 billion, a PE ratio of -22.00, a price-to-earnings-growth ratio of 0.83 and a beta of -0.07.
A number of research analysts have commented on SBGL shares. Morgan Stanley lowered Sibanye Gold from an “overweight” rating to an “equal” rating in a research report on Wednesday. Zacks Investment Research raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Friday, October 25th. Finally, ValuEngine lowered Sibanye Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.
About Sibanye Gold
Sibanye Gold Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium projects; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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