LPL Financial LLC Sells 5,762 Shares of Sibanye Gold Limited $SBSW

LPL Financial LLC lessened its holdings in Sibanye Gold Limited (NYSE:SBSW) by 1.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 509,123 shares of the company’s stock after selling 5,762 shares during the period. LPL Financial LLC owned about 0.07% of Sibanye Gold worth $2,332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBSW. Raymond James Financial Inc. bought a new position in Sibanye Gold in the fourth quarter worth approximately $5,814,000. D. E. Shaw & Co. Inc. increased its stake in shares of Sibanye Gold by 28.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock worth $21,588,000 after purchasing an additional 1,439,882 shares in the last quarter. Northern Trust Corp raised its holdings in Sibanye Gold by 1,673.5% in the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock worth $3,347,000 after purchasing an additional 957,103 shares during the period. BNP Paribas Financial Markets purchased a new position in Sibanye Gold during the fourth quarter valued at $1,626,000. Finally, Two Sigma Advisers LP grew its holdings in Sibanye Gold by 13.4% during the fourth quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company’s stock valued at $11,138,000 after purchasing an additional 400,100 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Sibanye Gold from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.73.

Sibanye Gold Trading Up 0.6%

Shares of SBSW stock opened at $8.15 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.10 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $8.07 and a two-hundred day simple moving average of $5.75. Sibanye Gold Limited has a 52-week low of $3.05 and a 52-week high of $9.85.

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.