XTX Topco Ltd Decreases Holdings in Sibanye Gold Limited $SBSW

XTX Topco Ltd lessened its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 93.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,977 shares of the company’s stock after selling 458,460 shares during the quarter. XTX Topco Ltd’s holdings in Sibanye Gold were worth $216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Sibanye Gold by 32,992.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after buying an additional 6,385,932 shares during the period. Goldman Sachs Group Inc. grew its position in Sibanye Gold by 196.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after acquiring an additional 2,370,443 shares in the last quarter. Millennium Management LLC raised its stake in shares of Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after purchasing an additional 2,487,648 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of 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 during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Sibanye Gold during the second quarter worth $17,366,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SBSW. BMO Capital Markets raised their price target on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sibanye Gold has a consensus rating of “Hold” and an average target price of $6.90.

Sibanye Gold Stock Up 1.6%

Shares of SBSW stock opened at $12.68 on Wednesday. The business has a 50 day moving average of $11.48 and a two-hundred day moving average of $9.31. Sibanye Gold Limited has a 52 week low of $3.05 and a 52 week high of $13.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89.

Sibanye Gold 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.