Pekin Hardy Strauss Inc. Trims Stock Holdings in Sibanye Gold Limited $SBSW

Pekin Hardy Strauss Inc. lessened its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 41.3% in the second quarter, HoldingsChannel reports. The firm owned 31,000 shares of the company’s stock after selling 21,825 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Sibanye Gold were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SBSW. Millennium Management LLC boosted 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 worth $14,526,000 after purchasing an additional 2,487,648 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Sibanye Gold by 196.6% during the first 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. Cubist Systematic Strategies LLC lifted its stake in shares of Sibanye Gold by 332.6% during the first 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 during the period. Jump Financial LLC boosted its position in Sibanye Gold by 75.9% during the first quarter. Jump Financial LLC now owns 1,330,582 shares of the company’s stock worth $6,094,000 after acquiring an additional 574,182 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new stake in Sibanye Gold in the 2nd quarter worth approximately $4,018,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SBSW shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. BMO Capital Markets lifted their price objective on Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a research report on Tuesday, September 2nd. Zacks Research upgraded Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Finally, Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One equities research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.90.

Sibanye Gold Stock Up 2.4%

SBSW stock opened at $10.64 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. The business has a fifty day simple moving average of $10.29 and a 200-day simple moving average of $8.20. Sibanye Gold Limited has a 52 week low of $3.05 and a 52 week high of $13.11.

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.