Lingotto Investment Management LLP Boosts Position in Sibanye Gold Limited $SBSW

Lingotto Investment Management LLP grew its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,430,409 shares of the company’s stock after acquiring an additional 263,600 shares during the period. Sibanye Gold accounts for about 4.4% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 7th biggest holding. Lingotto Investment Management LLP’s holdings in Sibanye Gold were worth $205,268,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Sibanye Gold by 112.2% in the second 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. JPMorgan Chase & Co. lifted its holdings in shares of Sibanye Gold by 32,992.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after purchasing an additional 6,385,932 shares during the last quarter. Savant Capital LLC grew its position in Sibanye Gold by 179.1% during the 2nd quarter. Savant Capital LLC now owns 56,543 shares of the company’s stock worth $408,000 after purchasing an additional 36,282 shares during the last quarter. BCGM Wealth Management LLC grew its position in Sibanye Gold by 3.9% in the 2nd quarter. BCGM Wealth Management LLC now owns 692,934 shares of the company’s stock valued at $5,003,000 after buying an additional 26,208 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position 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 worth $13,350,000 after purchasing an additional 2,241,026 shares during the period. Institutional investors own 34.93% of the company’s stock.

Sibanye Gold Stock Down 1.1%

Shares of NYSE:SBSW opened at $12.34 on Friday. The company has a 50 day moving average price of $11.40 and a 200 day moving average price of $9.12. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. Sibanye Gold Limited has a 1-year low of $3.05 and a 1-year high of $13.40.

Analyst Upgrades and Downgrades

SBSW has been the subject of several research reports. Zacks Research raised Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. Finally, BMO Capital Markets increased their price objective on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Sibanye Gold presently has a consensus rating of “Hold” and a consensus target price of $6.90.

About Sibanye Gold

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.