AdvisorShares Investments LLC Makes New Investment in Sibanye Gold Limited $SBSW

AdvisorShares Investments LLC acquired a new stake in shares of Sibanye Gold Limited (NYSE:SBSW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 123,400 shares of the company’s stock, valued at approximately $1,387,000.

A number of other hedge funds have also modified their holdings of SBSW. ABN AMRO Bank N.V. bought a new position in shares of Sibanye Gold during the 3rd quarter worth approximately $131,000. SBI Securities Co. Ltd. raised its stake in Sibanye Gold by 43.4% during the third quarter. SBI Securities Co. Ltd. now owns 53,643 shares of the company’s stock worth $603,000 after acquiring an additional 16,226 shares in the last quarter. Savant Capital LLC raised its stake in Sibanye Gold by 7.1% during the third quarter. Savant Capital LLC now owns 60,561 shares of the company’s stock worth $681,000 after acquiring an additional 4,018 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Sibanye Gold by 741.7% during the third quarter. Envestnet Asset Management Inc. now owns 216,358 shares of the company’s stock valued at $2,432,000 after acquiring an additional 190,654 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Sibanye Gold in the 3rd quarter valued at $39,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Stock Up 7.2%

Shares of SBSW opened at $16.49 on Friday. The business’s fifty day moving average price is $15.56 and its two-hundred day moving average price is $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 current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. 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, February 3rd. 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. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price for the company in a research note on Friday, January 23rd. Zacks Research upgraded 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 report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.