Quadrature Capital Ltd Takes $424,000 Position in Sibanye Gold Limited $SBSW

Quadrature Capital Ltd bought a new position in Sibanye Gold Limited (NYSE:SBSW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,744 shares of the company’s stock, valued at approximately $424,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Sibanye Gold by 112.2% during the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after purchasing an additional 2,228 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sibanye Gold during the 2nd quarter worth $36,000. Farther Finance Advisors LLC raised its position in shares of Sibanye Gold by 745.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,805 shares of the company’s stock worth $49,000 after buying an additional 6,000 shares during the period. Ascent Group LLC purchased a new position in shares of Sibanye Gold in the 2nd quarter worth $74,000. Finally, SwitchPoint Financial Planning LLC acquired a new position in Sibanye Gold in the second quarter valued at $79,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SBSW has been the subject of several research analyst reports. Zacks Research upgraded Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. 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. Finally, Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sibanye Gold presently has a consensus rating of “Hold” and a consensus price target of $6.90.

Sibanye Gold Stock Down 3.9%

Shares of NYSE:SBSW opened at $12.62 on Wednesday. The business’s 50-day simple moving average is $11.33 and its 200 day simple moving average is $9.07. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. Sibanye Gold Limited has a one year low of $3.05 and a one year high of $13.40.

About Sibanye Gold

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.