Griffin Asset Management Inc. Takes $136,000 Position in Sibanye Gold Limited $SBSW

Griffin Asset Management Inc. acquired a new stake in Sibanye Gold Limited (NYSE:SBSW) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,800 shares of the company’s stock, valued at approximately $136,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Sibanye Gold by 112.2% in the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock valued at $30,000 after acquiring an additional 2,228 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Sibanye Gold in the second quarter valued at about $36,000. Creative Financial Designs Inc. ADV grew its stake in shares of Sibanye Gold by 35.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock valued at $42,000 after acquiring an additional 2,400 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Sibanye Gold by 745.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,805 shares of the company’s stock worth $49,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Resolute Wealth Strategies LLC acquired a new position in shares of Sibanye Gold during the 1st quarter worth approximately $51,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SBSW. BMO Capital Markets increased their target price on shares of Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.07.

Sibanye Gold Trading Up 7.6%

Shares of SBSW stock opened at $11.79 on Tuesday. The stock’s fifty day moving average price is $9.29 and its two-hundred day moving average price is $7.31. Sibanye Gold Limited has a fifty-two week low of $3.05 and a fifty-two week high of $12.36. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96.

About Sibanye Gold

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.