270,614 Shares in Sibanye Gold Limited $SBSW Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new position in shares of Sibanye Gold Limited (NYSE:SBSW) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 270,614 shares of the company’s stock, valued at approximately $2,492,000.

A number of other hedge funds have also recently made changes to their positions in SBSW. Mraz Amerine & Associates Inc. bought a new stake in shares of Sibanye Gold in the 3rd quarter valued at about $109,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Sibanye Gold during the 3rd quarter worth approximately $674,000. Vise Technologies Inc. purchased a new position in Sibanye Gold in the 3rd quarter worth approximately $363,000. Pinnacle Wealth Planning Services Inc. increased its stake in Sibanye Gold by 4,489.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,534 shares of the company’s stock worth $36,000 after purchasing an additional 3,457 shares during the period. Finally, Signaturefd LLC lifted its position in Sibanye Gold by 35.3% in the third quarter. Signaturefd LLC now owns 13,494 shares of the company’s stock valued at $138,000 after purchasing an additional 3,523 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

Sibanye Gold Stock Performance

Shares of SBSW stock traded up $0.09 during trading hours on Friday, reaching $9.51. The company’s stock had a trading volume of 4,676,322 shares, compared to its average volume of 4,887,957. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 1.37. Sibanye Gold Limited has a one year low of $7.87 and a one year high of $21.29. The firm’s fifty day simple moving average is $10.54 and its 200 day simple moving average is $11.88.

Sibanye Gold Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 6th. Investors of record on Friday, September 18th were issued a $0.4985 dividend. The ex-dividend date was Friday, September 18th. This represents a yield of 856.0%.

Wall Street Analyst Weigh In

SBSW has been the subject of a number of analyst reports. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 6th. BMO Capital Markets lowered their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, July 14th. Royal Bank Of Canada dropped their price target on shares of Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. Weiss Ratings raised shares of Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Finally, Citigroup upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective on the stock in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.32.

Sibanye Gold Company Profile

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals company headquartered in South Africa. The company produces precious metals, including platinum-group metals (PGMs) and gold, and is also developing interests in battery metals and metals recycling.

The company was established in 2013 when Gold Fields separated several of its South African gold assets into a separately listed business. Sibanye expanded internationally through the acquisition of Stillwater Mining Company in the United States in 2017 and Lonmin in 2019.