Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in Sibanye Gold Limited $SBSW

Mitsubishi UFJ Trust & Banking Corp grew its position in Sibanye Gold Limited (NYSE:SBSW) by 3,802.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,633 shares of the company’s stock after purchasing an additional 248,108 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Sibanye Gold were worth $2,862,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Sibanye Gold during the 3rd quarter worth $121,000. Bayforest Capital Ltd acquired a new stake in Sibanye Gold in the third quarter worth about $161,000. ORG Partners LLC grew its stake in shares of Sibanye Gold by 178.2% during the third quarter. ORG Partners LLC now owns 3,606 shares of the company’s stock worth $41,000 after acquiring an additional 2,310 shares during the last quarter. Abbington Investment Group purchased a new stake in shares of Sibanye Gold during the third quarter worth about $2,543,000. Finally, Shilanski & Associates Inc. acquired a new position in shares of Sibanye Gold during the third quarter valued at about $314,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Stock Down 15.7%

Shares of NYSE:SBSW opened at $16.86 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 $21.29. The business has a 50 day moving average of $15.14 and a two-hundred day moving average of $11.65.

Wall Street Analyst Weigh In

A number of research firms recently commented on SBSW. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Hsbc Global Res raised Sibanye Gold to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.87.

Sibanye Gold Profile

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.