Cadence Wealth Management LLC Raises Holdings in Sibanye Gold Limited $SBSW

Cadence Wealth Management LLC boosted its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,744 shares of the company’s stock after acquiring an additional 7,561 shares during the quarter. Sibanye Gold accounts for 0.5% of Cadence Wealth Management LLC’s holdings, making the stock its 22nd largest position. Cadence Wealth Management LLC’s holdings in Sibanye Gold were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of SBSW. GAMMA Investing LLC grew its stake 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 during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Sibanye Gold during the second quarter worth $36,000. Farther Finance Advisors LLC grew its position in Sibanye Gold by 745.3% during the second quarter. Farther Finance Advisors LLC now owns 6,805 shares of the company’s stock valued at $49,000 after buying an additional 6,000 shares during the period. Resolute Wealth Strategies LLC acquired a new stake in Sibanye Gold during the first quarter valued at $51,000. Finally, FORA Capital LLC purchased a new position in Sibanye Gold in the first quarter valued at $53,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Price Performance

NYSE:SBSW opened at $11.17 on Friday. The stock has a 50 day moving average of $10.81 and a two-hundred day moving average of $8.59. Sibanye Gold Limited has a 12 month low of $3.05 and a 12 month high of $13.11. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96.

Analysts Set New Price Targets

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

Sibanye Gold Company 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.