Assenagon Asset Management S.A. Has $36.49 Million Holdings in Sibanye Gold Limited $SBSW

Assenagon Asset Management S.A. raised its holdings in Sibanye Gold Limited (NYSE:SBSW) by 2,449.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,246,397 shares of the company’s stock after purchasing an additional 3,119,075 shares during the period. Assenagon Asset Management S.A. owned approximately 0.46% of Sibanye Gold worth $36,490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Sibanye Gold by 22.2% in the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after buying an additional 934 shares in the last quarter. Petra Financial Advisors Inc. increased its stake in Sibanye Gold by 4.8% during the 2nd quarter. Petra Financial Advisors Inc. now owns 56,445 shares of the company’s stock worth $408,000 after acquiring an additional 2,604 shares during the period. Ameriprise Financial Inc. increased its stake in Sibanye Gold by 22.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,918 shares of the company’s stock worth $115,000 after acquiring an additional 2,874 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Sibanye Gold in the 2nd quarter valued at $36,000. Finally, Total Wealth Planning & Management Inc. lifted its position in shares of Sibanye Gold by 27.4% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 23,601 shares of the company’s stock valued at $170,000 after acquiring an additional 5,082 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Stock Performance

SBSW stock opened at $13.91 on Friday. The firm has a 50-day moving average price of $11.76 and a 200-day moving average price of $9.63. Sibanye Gold Limited has a 12 month low of $3.05 and a 12 month high of $14.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

Analysts Set New Price Targets

SBSW has been the topic of a number of recent analyst reports. Zacks Research upgraded Sibanye Gold to a “hold” rating in a research report on Monday, October 20th. BMO Capital Markets increased their price objective on shares of Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research note on Tuesday, September 2nd. Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.90.

About Sibanye Gold

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.