Foster Group Inc. Acquires Shares of 126,647 Sibanye Gold Limited $SBSW

Foster Group Inc. bought a new position in shares of Sibanye Gold Limited (NYSE:SBSW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 126,647 shares of the company’s stock, valued at approximately $1,424,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in Sibanye Gold by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after acquiring an additional 934 shares during the last quarter. Fermata Advisors LLC grew its stake in shares of Sibanye Gold by 11.8% in the 3rd quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock valued at $151,000 after purchasing an additional 1,418 shares during the last quarter. Petra Financial Advisors Inc. increased its holdings in shares of Sibanye Gold by 4.8% in the second quarter. Petra Financial Advisors Inc. now owns 56,445 shares of the company’s stock valued at $408,000 after purchasing an additional 2,604 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Sibanye Gold by 22.0% during the second quarter. Ameriprise Financial Inc. now owns 15,918 shares of the company’s stock worth $115,000 after purchasing an additional 2,874 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sibanye Gold during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $14.30 on Monday. The company has a 50-day moving average of $11.83 and a two-hundred day moving average of $9.73. Sibanye Gold Limited has a 12-month low of $3.05 and a 12-month high of $14.60. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96.

Analyst Ratings Changes

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

About Sibanye Gold

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.