Janney Montgomery Scott LLC Reduces Stake in Sibanye Gold Limited $SBSW

Janney Montgomery Scott LLC reduced its position in Sibanye Gold Limited (NYSE:SBSW) by 17.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,756 shares of the company’s stock after selling 11,195 shares during the period. Janney Montgomery Scott LLC’s holdings in Sibanye Gold were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after buying an additional 2,370,443 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after buying an additional 2,487,648 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Sibanye Gold by 332.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 2,914,873 shares of the company’s stock worth $13,350,000 after buying an additional 2,241,026 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its stake in shares of Sibanye Gold by 3.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 2,749,710 shares of the company’s stock worth $12,044,000 after buying an additional 96,230 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Sibanye Gold by 7.9% in the 1st quarter. American Century Companies Inc. now owns 1,522,220 shares of the company’s stock worth $6,972,000 after buying an additional 111,259 shares during the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Gold Price Performance

NYSE SBSW opened at $11.38 on Friday. 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 fifty day moving average is $9.54 and its 200 day moving average is $7.50. Sibanye Gold Limited has a fifty-two week low of $3.05 and a fifty-two week high of $13.11.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SBSW. BMO Capital Markets raised their price target 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sibanye Gold has an average rating of “Hold” and a consensus target price 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.