Tocqueville Asset Management L.P. boosted its holdings in Sibanye Gold Ltd (NYSE:SBGL) by 68.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529,500 shares of the basic materials company’s stock after buying an additional 215,582 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.21% of Sibanye Gold worth $1,498,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in Sibanye Gold in the 4th quarter valued at approximately $41,000. Stevens Capital Management LP acquired a new stake in Sibanye Gold during the 4th quarter valued at approximately $59,000. Creative Planning increased its position in Sibanye Gold by 153.5% during the 4th quarter. Creative Planning now owns 31,308 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 18,960 shares during the period. Ruffer LLP acquired a new stake in Sibanye Gold during the 3rd quarter valued at approximately $125,000. Finally, Symons Capital Management Inc. increased its position in Sibanye Gold by 77.7% during the 3rd quarter. Symons Capital Management Inc. now owns 163,053 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 71,271 shares during the period. Institutional investors and hedge funds own 51.08% of the company’s stock.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Sibanye Gold from a “sell” rating to a “hold” rating and set a $2.75 target price for the company in a research report on Friday, November 2nd. ValuEngine raised shares of Sibanye Gold from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Citigroup downgraded shares of Sibanye Gold from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Sibanye Gold currently has a consensus rating of “Hold” and an average target price of $2.75.
Sibanye Gold Profile
Sibanye Gold Limited operates as a precious metals mining company in South Africa, Zimbabwe, and the United States. The company operates through PGM; and Gold and Uranium divisions. It owns and operates gold, and platinum group metals (PGM), including platinum, palladium, and rhodium operations and projects, as well as produces by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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