Sibanye Gold Limited $SBSW Stock Position Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 105.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326,739 shares of the company’s stock after buying an additional 167,530 shares during the quarter. New York State Common Retirement Fund’s holdings in Sibanye Gold were worth $3,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sibanye Gold during the third quarter valued at approximately $438,000. Truist Financial Corp bought a new position in Sibanye Gold during the 3rd quarter valued at $205,000. Vanguard Personalized Indexing Management LLC boosted its stake in Sibanye Gold by 10.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 48,285 shares of the company’s stock valued at $543,000 after purchasing an additional 4,599 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Sibanye Gold by 42.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 155,399 shares of the company’s stock valued at $1,747,000 after purchasing an additional 46,511 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Sibanye Gold by 3,802.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock worth $2,862,000 after buying an additional 248,108 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Stock Performance

Shares of NYSE:SBSW opened at $16.49 on Friday. The firm has a 50 day simple moving average of $15.56 and a 200 day simple moving average of $11.94. Sibanye Gold Limited has a 52 week low of $3.05 and a 52 week high of $21.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89.

Analyst Ratings Changes

Several research analysts recently weighed in on SBSW shares. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. BMO Capital Markets increased their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Finally, HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.03.

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.