Sibanye Gold Limited $SBSW Stock Position Lifted by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd boosted its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 119.4% during the second quarter, HoldingsChannel.com reports. The firm owned 119,235 shares of the company’s stock after acquiring an additional 64,890 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Sibanye Gold were worth $861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its position in Sibanye Gold by 332.6% during 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 in the last quarter. Bank of America Corp DE grew its position in Sibanye Gold by 16.1% during the fourth quarter. Bank of America Corp DE now owns 85,825 shares of the company’s stock valued at $283,000 after purchasing an additional 11,916 shares in the last quarter. American Century Companies Inc. grew its position in Sibanye Gold by 7.9% during the first quarter. American Century Companies Inc. now owns 1,522,220 shares of the company’s stock valued at $6,972,000 after purchasing an additional 111,259 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Sibanye Gold by 13.1% in 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 in the last quarter. Finally, Linden Advisors LP bought a new stake in Sibanye Gold in the first quarter worth approximately $763,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Gold Price Performance

NYSE SBSW opened at $10.98 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. The company has a fifty day simple moving average of $9.23 and a 200 day simple moving average of $7.24. Sibanye Gold Limited has a 1 year low of $3.05 and a 1 year high of $12.36.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BMO Capital Markets boosted 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 shares of 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 research report on Wednesday. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.