BCGM Wealth Management LLC Grows Stake in Sibanye Gold Limited $SBSW

BCGM Wealth Management LLC raised its stake in Sibanye Gold Limited (NYSE:SBSW) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 692,934 shares of the company’s stock after purchasing an additional 26,208 shares during the quarter. Sibanye Gold comprises about 1.4% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. BCGM Wealth Management LLC’s holdings in Sibanye Gold were worth $5,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its position in Sibanye Gold by 332.6% in the first quarter. Cubist Systematic Strategies LLC now owns 2,914,873 shares of the company’s stock valued at $13,350,000 after purchasing an additional 2,241,026 shares during the period. GAMMA Investing LLC increased its position in shares of Sibanye Gold by 112.2% during the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after acquiring an additional 2,228 shares during the last quarter. American Century Companies Inc. increased its position in shares of Sibanye Gold by 7.9% during the first quarter. American Century Companies Inc. now owns 1,522,220 shares of the company’s stock worth $6,972,000 after acquiring an additional 111,259 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Sibanye Gold by 13.1% during the first quarter. Avantax Advisory Services Inc. now owns 17,659 shares of the company’s stock worth $81,000 after acquiring an additional 2,050 shares during the last quarter. Finally, Linden Advisors LP purchased a new stake in shares of Sibanye Gold during the first quarter worth about $763,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $10.57 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. Sibanye Gold Limited has a 12 month low of $3.05 and a 12 month high of $13.11. The company has a fifty day moving average price of $10.05 and a two-hundred day moving average price of $8.04.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SBSW. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. BMO Capital Markets lifted their target price on Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. Finally, Zacks Research raised Sibanye Gold to a “hold” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.07.

Sibanye Gold Company Profile

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.