Ashton Thomas Private Wealth LLC Grows Stake in Sibanye Gold Limited $SBSW

Ashton Thomas Private Wealth LLC increased its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 178.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,725 shares of the company’s stock after acquiring an additional 21,629 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Sibanye Gold were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC grew its holdings in Sibanye Gold by 332.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 2,914,873 shares of the company’s stock valued at $13,350,000 after buying an additional 2,241,026 shares in the last quarter. GAMMA Investing LLC grew its holdings in Sibanye Gold by 112.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock valued at $30,000 after buying an additional 2,228 shares in the last quarter. American Century Companies Inc. grew its holdings in Sibanye Gold by 7.9% during the 1st quarter. American Century Companies Inc. now owns 1,522,220 shares of the company’s stock valued at $6,972,000 after buying an additional 111,259 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Sibanye Gold by 13.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 17,659 shares of the company’s stock valued at $81,000 after buying an additional 2,050 shares in the last quarter. Finally, Linden Advisors LP purchased a new position in Sibanye Gold during the 1st quarter valued at approximately $763,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SBSW. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. BMO Capital Markets raised their price target on Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday, September 2nd. Zacks Research upgraded Sibanye Gold to a “hold” rating in a report on Monday, October 20th. Finally, Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.07.

Sibanye Gold Stock Performance

Shares of Sibanye Gold stock opened at $10.57 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $10.05 and a 200-day moving average price of $8.02. Sibanye Gold Limited has a one year low of $3.05 and a one year high of $13.11.

Sibanye Gold Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.