Chicago Partners Investment Group LLC Buys New Stake in Sibanye Gold Limited $SBSW

Key Points

• Chicago Partners Investment Group bought 270,614 shares of Sibanye Gold in the third quarter, valued at approximately $2.49 million.
• Several other institutional investors also initiated or increased positions; hedge funds and other institutions owned 34.93% of the stock.
• Analyst views were mixed, with three Buy, two Hold and one Sell rating. MarketBeat reported an average rating of Hold and an average price target of $16.32.

Chicago Partners Investment Group LLC bought a new stake in Sibanye Gold Limited (NYSE:SBSW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 270,614 shares of the company's stock, valued at approximately $2,492,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mraz Amerine & Associates Inc. purchased a new position in shares of Sibanye Gold in the 3rd quarter worth about $109,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sibanye Gold during the 3rd quarter worth $674,000. Vise Technologies Inc. bought a new stake in Sibanye Gold in the 3rd quarter valued at about $363,000. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Sibanye Gold by 4,489.6% in the third 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 in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Sibanye Gold by 35.3% during the 3rd quarter. Signaturefd LLC now owns 13,494 shares of the company's stock valued at $138,000 after buying an additional 3,523 shares in the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Gold Price Performance

Sibanye Gold stock traded up $0.09 during mid-day trading on Friday, hitting $9.51. 4,676,322 shares of the company traded hands, compared to its average volume of 4,887,957. The company has a current ratio of 2.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. Sibanye Gold Limited has a one year low of $7.87 and a one year high of $21.29. The stock has a fifty day moving average price of $10.54 and a 200-day moving average price of $11.88.

Sibanye Gold Announces Dividend

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

Wall Street Analysts Forecast Growth

SBSW has been the subject of several recent research reports. BMO Capital Markets reduced their price target on Sibanye Gold from $14.00 to $12.00 and set a "market perform" rating for the company in a research report on Tuesday, July 14th. Zacks Research cut shares of Sibanye Gold from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 6th. Weiss Ratings upgraded shares of Sibanye Gold from a "sell (d-)" rating to a "hold (c)" rating in a research note on Tuesday, September 22nd. Citigroup upgraded 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. Finally, Wall Street Zen raised Sibanye Gold from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 6th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $16.32.

Sibanye Gold 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.

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