Sibanye Gold Limited (NYSE:SBGL) Shares Bought by Creative Planning
Creative Planning raised its stake in Sibanye Gold Limited (NYSE:SBGL) by 26.6% during the second quarter, Holdings Channel reports. The firm owned 35,815 shares of the basic materials company’s stock after buying an additional 7,529 shares during the period. Creative Planning’s holdings in Sibanye Gold Limited were worth $166,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Keybank National Association OH acquired a new stake in shares of Sibanye Gold Limited during the first quarter valued at $112,000. Comerica Bank raised its stake in shares of Sibanye Gold Limited by 3.0% in the first quarter. Comerica Bank now owns 13,467 shares of the basic materials company’s stock valued at $108,000 after buying an additional 398 shares during the period. World Asset Management Inc raised its stake in shares of Sibanye Gold Limited by 0.8% in the first quarter. World Asset Management Inc now owns 14,292 shares of the basic materials company’s stock valued at $126,000 after buying an additional 109 shares during the period. ING Groep NV acquired a new stake in shares of Sibanye Gold Limited during the first quarter valued at $150,000. Finally, FNY Partners Fund LP acquired a new stake in shares of Sibanye Gold Limited during the first quarter valued at $158,000. 14.13% of the stock is currently owned by institutional investors and hedge funds.
Sibanye Gold Limited (NYSE SBGL) traded up 2.29% on Thursday, reaching $5.80. The company’s stock had a trading volume of 1,731,864 shares. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 4.80 and a beta of -0.13. Sibanye Gold Limited has a 52 week low of $4.43 and a 52 week high of $20.85. The firm’s 50 day moving average price is $4.94 and its 200-day moving average price is $7.15.
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Several brokerages have recently weighed in on SBGL. BidaskClub raised Sibanye Gold Limited from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. ValuEngine lowered Sibanye Gold Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Sibanye Gold Limited has an average rating of “Hold” and an average target price of $10.00.
About Sibanye Gold Limited
Sibanye Gold Limited (Sibanye) is a South Africa-based mining company. The Company owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. Its segments include Driefontein, Kloof, Beatrix, Cooke and Corporate. The Company owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof operations in the West Witwatersrand region, and the Beatrix operation in the southern Free State province.
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