HighTower Advisors LLC Sells 19,426 Shares of Sibanye Gold Limited $SBSW

HighTower Advisors LLC decreased its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 40.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,156 shares of the company’s stock after selling 19,426 shares during the period. HighTower Advisors LLC’s holdings in Sibanye Gold were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Sibanye Gold by 590.8% during the 1st quarter. GAMMA Investing LLC now owns 9,091 shares of the company’s stock valued at $42,000 after acquiring an additional 7,775 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Sibanye Gold by 35.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock valued at $42,000 after buying an additional 2,400 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Sibanye Gold during the 4th quarter valued at $35,000. Resolute Wealth Strategies LLC purchased a new position in shares of Sibanye Gold during the 1st quarter valued at $51,000. Finally, Brookwood Investment Group LLC purchased a new position in shares of Sibanye Gold during the 1st quarter valued at $55,000. Institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SBSW. BMO Capital Markets lifted their target price on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.07.

Sibanye Gold Stock Performance

Shares of SBSW stock opened at $8.58 on Friday. Sibanye Gold Limited has a 52 week low of $3.05 and a 52 week high of $9.85. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. The company’s fifty day simple moving average is $8.37 and its two-hundred day simple moving average is $6.12.

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.