Assenagon Asset Management S.A. Buys Shares of 127,322 Sibanye Gold Limited $SBSW

Assenagon Asset Management S.A. acquired a new position in shares of Sibanye Gold Limited (NYSE:SBSW) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 127,322 shares of the company’s stock, valued at approximately $919,000.

Several other large investors have also added to or reduced their stakes in SBSW. Ameriprise Financial Inc. acquired a new stake in Sibanye Gold in the fourth quarter valued at $35,000. Creative Financial Designs Inc. ADV lifted its stake in Sibanye Gold by 35.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock valued at $42,000 after acquiring an additional 2,400 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sibanye Gold by 590.8% in the first quarter. GAMMA Investing LLC now owns 9,091 shares of the company’s stock valued at $42,000 after acquiring an additional 7,775 shares during the last quarter. Resolute Wealth Strategies LLC bought a new position in shares of Sibanye Gold in the first quarter valued at about $51,000. Finally, FORA Capital LLC bought a new position in shares of Sibanye Gold in the first quarter valued at about $53,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Stock Up 4.6%

SBSW stock opened at $11.15 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53. Sibanye Gold Limited has a 12 month low of $3.05 and a 12 month high of $11.25. The company’s 50-day moving average price is $8.78 and its two-hundred day moving average price is $6.74.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. BMO Capital Markets increased their price objective on shares of 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 and four have issued a Hold rating to the stock. According to MarketBeat.com, Sibanye Gold presently has a consensus rating of “Hold” and a consensus price target of $6.07.

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.