Aperio Group LLC trimmed its holdings in Sibanye Gold Ltd (NYSE:SBGL) by 8.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,219 shares of the basic materials company’s stock after selling 4,979 shares during the quarter. Aperio Group LLC’s holdings in Sibanye Gold were worth $262,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SBGL. Bank of America Corp DE raised its stake in Sibanye Gold by 3,358.6% during the 4th quarter. Bank of America Corp DE now owns 411,603 shares of the basic materials company’s stock valued at $1,165,000 after purchasing an additional 399,702 shares during the period. Creative Planning boosted its holdings in Sibanye Gold by 62.6% during the first quarter. Creative Planning now owns 50,893 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 19,585 shares during the period. Stevens Capital Management LP lifted its stake in shares of Sibanye Gold by 38.9% in the first quarter. Stevens Capital Management LP now owns 28,906 shares of the basic materials company’s stock valued at $119,000 after buying an additional 8,096 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Sibanye Gold in the first quarter valued at about $2,550,000. Finally, Resources Investment Advisors Inc. bought a new stake in shares of Sibanye Gold in the first quarter valued at about $100,000. 25.00% of the stock is owned by institutional investors and hedge funds.
NYSE SBGL traded down $0.16 during trading on Friday, reaching $4.56. The company’s stock had a trading volume of 1,965,038 shares, compared to its average volume of 3,936,557. The firm has a 50 day moving average price of $5.25 and a 200 day moving average price of $4.43. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -14.25, a price-to-earnings-growth ratio of 0.55 and a beta of -0.13. Sibanye Gold Ltd has a 12 month low of $2.25 and a 12 month high of $5.74. The company has a current ratio of 1.26, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73.
Several equities research analysts recently weighed in on the stock. ValuEngine cut shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Zacks Investment Research upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, August 28th.
Sibanye Gold Company Profile
Sibanye Gold Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium projects; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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