Mirae Asset Global Investments Co. Ltd. Purchases New Holdings in Sibanye Gold Limited $SBSW

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sibanye Gold Limited (NYSE:SBSW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 38,944 shares of the company’s stock, valued at approximately $438,000.

Other institutional investors have also recently bought and sold shares of the company. Lingotto Investment Management LLP raised its stake in shares of Sibanye Gold by 0.9% during the 2nd quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock worth $205,268,000 after purchasing an additional 263,600 shares during the period. JPMorgan Chase & Co. increased its holdings in Sibanye Gold by 32,992.0% during the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock worth $46,246,000 after buying an additional 6,385,932 shares during the last quarter. Marshall Wace LLP raised its position in Sibanye Gold by 77.0% in the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock worth $34,316,000 after acquiring an additional 2,068,178 shares during the period. Goldman Sachs Group Inc. boosted its stake in Sibanye Gold by 196.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after acquiring an additional 2,370,443 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Sibanye Gold by 1,136.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock valued at $25,238,000 after acquiring an additional 3,212,833 shares during the period. Institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SBSW shares. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a report on Friday, January 23rd. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Hsbc Global Res raised Sibanye Gold to a “strong-buy” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, BMO Capital Markets increased their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sibanye Gold has a consensus rating of “Moderate Buy” and an average target price of $16.03.

Sibanye Gold Trading Down 10.5%

Shares of SBSW opened at $15.37 on Friday. Sibanye Gold Limited has a 52-week low of $3.05 and a 52-week high of $21.29. The stock’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $11.87. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

Sibanye Gold Company Profile

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.