GAMMA Investing LLC Purchases 2,228 Shares of Sibanye Gold Limited $SBSW

GAMMA Investing LLC lifted its stake in Sibanye Gold Limited (NYSE:SBSW) by 112.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,213 shares of the company’s stock after acquiring an additional 2,228 shares during the period. GAMMA Investing LLC’s holdings in Sibanye Gold were worth $30,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SBSW. Ameriprise Financial Inc. bought a new position in shares of Sibanye Gold in the 4th quarter worth $35,000. Creative Financial Designs Inc. ADV raised its position in shares of Sibanye Gold by 35.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock worth $42,000 after acquiring an additional 2,400 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 acquiring an additional 6,000 shares in the last quarter. Resolute Wealth Strategies LLC bought a new position in shares of Sibanye Gold in the 1st quarter worth $51,000. Finally, FORA Capital LLC bought a new position in shares of Sibanye Gold in the 1st quarter worth $53,000. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $11.18 on Monday. 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 business’s 50-day simple moving average is $8.96 and its two-hundred day simple moving average is $7.01. Sibanye Gold Limited has a fifty-two week low of $3.05 and a fifty-two week high of $12.05.

Analysts Set New Price Targets

SBSW has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Saturday, September 27th. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, BMO Capital Markets boosted their target price on Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Sibanye Gold presently has an average rating of “Hold” and a consensus price target of $6.07.

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.