JPMorgan Chase & Co. Acquires 6,385,932 Shares of Sibanye Gold Limited $SBSW

JPMorgan Chase & Co. increased its holdings in Sibanye Gold Limited (NYSE:SBSW) by 32,992.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,405,288 shares of the company’s stock after purchasing an additional 6,385,932 shares during the period. JPMorgan Chase & Co.’s holdings in Sibanye Gold were worth $46,246,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SBSW. GAMMA Investing LLC lifted its holdings in shares of Sibanye Gold by 112.2% during the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock valued at $30,000 after acquiring an additional 2,228 shares during the period. Savant Capital LLC grew its holdings in shares of Sibanye Gold by 179.1% in the 2nd quarter. Savant Capital LLC now owns 56,543 shares of the company’s stock worth $408,000 after purchasing an additional 36,282 shares during the last quarter. BCGM Wealth Management LLC increased its position in shares of Sibanye Gold by 3.9% during the 2nd quarter. BCGM Wealth Management LLC now owns 692,934 shares of the company’s stock worth $5,003,000 after purchasing an additional 26,208 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Sibanye Gold by 332.6% during the 1st 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 last quarter. Finally, TSP Capital Management Group LLC lifted its holdings in Sibanye Gold by 31.5% during the 2nd quarter. TSP Capital Management Group LLC now owns 1,820,675 shares of the company’s stock valued at $13,145,000 after purchasing an additional 436,200 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Stock Performance

SBSW stock opened at $13.35 on Monday. 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 Limited has a twelve month low of $3.05 and a twelve month high of $13.36. The business has a fifty day moving average of $11.22 and a 200-day moving average of $8.96.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBSW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. BMO Capital Markets raised their price target on Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday, September 2nd. Zacks Research upgraded Sibanye Gold to a “hold” rating in a research report on Monday, October 20th. Finally, Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. One 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.90.

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.