Vanguard Capital Wealth Advisors Sells 64,027 Shares of Sibanye Gold Limited $SBSW

Vanguard Capital Wealth Advisors trimmed its position in Sibanye Gold Limited (NYSE:SBSW) by 73.0% in the third quarter, HoldingsChannel.com reports. The firm owned 23,663 shares of the company’s stock after selling 64,027 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Sibanye Gold were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SBSW. Foster Group Inc. acquired a new position in Sibanye Gold in the third quarter worth about $1,424,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Sibanye Gold by 1,136.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after purchasing an additional 3,212,833 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Sibanye Gold by 112.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after purchasing an additional 2,228 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 worth $46,246,000 after purchasing an additional 6,385,932 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Sibanye Gold by 31.2% during the 2nd quarter. American Century Companies Inc. now owns 1,996,606 shares of the company’s stock valued at $14,415,000 after purchasing an additional 474,386 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SBSW shares. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.90.

Sibanye Gold Price Performance

Sibanye Gold stock opened at $18.17 on Friday. Sibanye Gold Limited has a 1 year low of $3.05 and a 1 year high of $18.53. The company’s 50-day moving average is $14.15 and its two-hundred day moving average is $11.17. 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 Company Profile

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.