SG Americas Securities LLC Sells 390,310 Shares of Sibanye Gold Limited $SBSW

SG Americas Securities LLC trimmed its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 95.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,316 shares of the company’s stock after selling 390,310 shares during the period. SG Americas Securities LLC’s holdings in Sibanye Gold were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBSW. GAMMA Investing LLC raised its stake 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 during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Sibanye Gold by 745.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,805 shares of the company’s stock worth $49,000 after buying an additional 6,000 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sibanye Gold in the first quarter worth $55,000. Ascent Group LLC purchased a new stake in Sibanye Gold during the second quarter valued at $74,000. Finally, SwitchPoint Financial Planning LLC bought a new position in Sibanye Gold in the second quarter valued at about $79,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Stock Performance

Shares of NYSE:SBSW opened at $21.11 on Thursday. Sibanye Gold Limited has a 1-year low of $3.05 and a 1-year high of $21.19. The firm’s 50 day simple moving average is $14.85 and its two-hundred day simple moving average is $11.53. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a research note on Friday, January 23rd. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Hsbc Global Res raised shares of Sibanye Gold to a “strong-buy” rating in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $12.87.

Sibanye Gold Profile

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.