ABC Arbitrage SA Buys 2,912,995 Shares of Sibanye Gold Limited $SBSW

ABC Arbitrage SA grew its stake in Sibanye Gold Limited (NYSE:SBSW) by 260.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,032,812 shares of the company’s stock after buying an additional 2,912,995 shares during the quarter. Sibanye Gold accounts for approximately 4.5% of ABC Arbitrage SA’s portfolio, making the stock its 2nd biggest position. ABC Arbitrage SA owned approximately 0.57% of Sibanye Gold worth $45,329,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SBSW. Archer Investment Corp purchased a new position in Sibanye Gold in the third quarter worth approximately $34,000. State of Wyoming purchased a new stake in shares of Sibanye Gold in the 3rd quarter valued at approximately $39,000. ORG Partners LLC lifted its position in shares of Sibanye Gold by 178.2% during the 3rd quarter. ORG Partners LLC now owns 3,606 shares of the company’s stock worth $41,000 after purchasing an additional 2,310 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sibanye Gold during the 1st quarter worth $55,000. Finally, GAMMA Investing LLC grew its stake in shares of Sibanye Gold by 22.2% during the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after purchasing an additional 934 shares in the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SBSW has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a research report on Friday, January 23rd. BMO Capital Markets upped their price target on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. 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, Sibanye Gold presently has a consensus rating of “Moderate Buy” and an average price target of $16.03.

Sibanye Gold Stock Down 1.2%

SBSW stock opened at $16.79 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. The company’s 50 day simple moving average is $15.72 and its 200-day simple moving average is $12.06. Sibanye Gold Limited has a 12 month low of $3.05 and a 12 month high of $21.29.

Sibanye Gold 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.