226,233 Shares in Sibanye Gold Limited $SBSW Purchased by Abbington Investment Group

Abbington Investment Group purchased a new stake in Sibanye Gold Limited (NYSE:SBSW) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 226,233 shares of the company’s stock, valued at approximately $2,543,000. Sibanye Gold comprises approximately 2.2% of Abbington Investment Group’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBSW. Shilanski & Associates Inc. bought a new stake in shares of Sibanye Gold during the 3rd quarter worth $314,000. Burns Matteson Capital Management LLC purchased a new stake in shares of Sibanye Gold during the third quarter valued at $298,000. Farther Finance Advisors LLC lifted its holdings in shares of Sibanye Gold by 36.0% during the third quarter. Farther Finance Advisors LLC now owns 9,254 shares of the company’s stock valued at $104,000 after purchasing an additional 2,449 shares during the last quarter. Foster Group Inc. acquired a new position in shares of Sibanye Gold in the 3rd quarter valued at $1,424,000. Finally, Fermata Advisors LLC boosted its position in shares of Sibanye Gold by 11.8% in the 3rd quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock valued at $151,000 after purchasing an additional 1,418 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on SBSW. Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.90.

Sibanye Gold Price Performance

NYSE SBSW opened at $15.31 on Friday. Sibanye Gold Limited has a fifty-two week low of $3.05 and a fifty-two week high of $16.31. The stock’s 50-day moving average is $12.89 and its two-hundred day moving average is $10.49. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89.

About Sibanye Gold

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.