Oppenheimer & Co. Inc. Acquires 39,216 Shares of Sibanye Gold Limited $SBSW

Oppenheimer & Co. Inc. raised its holdings in Sibanye Gold Limited (NYSE:SBSW) by 74.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,607 shares of the company’s stock after acquiring an additional 39,216 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sibanye Gold were worth $1,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lingotto Investment Management LLP grew its holdings in shares of Sibanye Gold by 0.9% in the second quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock worth $205,268,000 after purchasing an additional 263,600 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Sibanye Gold by 32,992.0% in 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. Marshall Wace LLP grew its stake in Sibanye Gold by 77.0% in the 2nd quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock worth $34,316,000 after acquiring an additional 2,068,178 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after acquiring an additional 2,370,443 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Sibanye Gold by 1,136.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after acquiring an additional 3,212,833 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price for the company in a report on Friday, January 23rd. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. BMO Capital Markets lifted their price objective on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Sibanye Gold presently has a consensus rating of “Moderate Buy” and an average target price of $16.03.

Sibanye Gold Stock Up 7.4%

Shares of Sibanye Gold stock opened at $17.22 on Monday. The company has a 50-day simple moving average of $16.00 and a two-hundred day simple moving average of $12.23. Sibanye Gold Limited has a one year low of $3.05 and a one year high of $21.29. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96.

About Sibanye Gold

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.