TSP Capital Management Group LLC Purchases 436,200 Shares of Sibanye Gold Limited $SBSW

TSP Capital Management Group LLC lifted its position in shares of Sibanye Gold Limited (NYSE:SBSW) by 31.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,820,675 shares of the company’s stock after purchasing an additional 436,200 shares during the period. Sibanye Gold comprises 4.1% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 10th largest holding. TSP Capital Management Group LLC’s holdings in Sibanye Gold were worth $13,145,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. 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 worth $30,000 after acquiring an additional 2,228 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Sibanye Gold during the second quarter valued at $36,000. Farther Finance Advisors LLC lifted its holdings in shares of Sibanye Gold by 745.3% during the second quarter. Farther Finance Advisors LLC now owns 6,805 shares of the company’s stock worth $49,000 after purchasing an additional 6,000 shares during the period. Ascent Group LLC bought a new stake in shares of Sibanye Gold in the second quarter worth $74,000. Finally, SwitchPoint Financial Planning LLC bought a new stake in shares of Sibanye Gold in the second quarter worth $79,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sibanye Gold Stock Performance

Shares of Sibanye Gold stock opened at $11.01 on Wednesday. The stock’s 50-day moving average is $10.70 and its 200 day moving average is $8.55. Sibanye Gold Limited has a one year low of $3.05 and a one year high of $13.11. 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 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.