Hara Capital LLC Trims Stake in Sibanye Gold Limited (NYSE:SBSW)

Hara Capital LLC cut its holdings in Sibanye Gold Limited (NYSE:SBSW - Free Report) by 55.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,400 shares of the company's stock after selling 64,753 shares during the quarter. Hara Capital LLC's holdings in Sibanye Gold were worth $235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Trek Financial LLC bought a new position in shares of Sibanye Gold during the 4th quarter valued at $2,803,000. CenterBook Partners LP bought a new position in shares of Sibanye Gold during the 4th quarter valued at $903,000. Rhumbline Advisers lifted its holdings in shares of Sibanye Gold by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after buying an additional 3,120 shares during the period. Virtu Financial LLC bought a new position in shares of Sibanye Gold during the 4th quarter valued at $130,000. Finally, Invesco Ltd. lifted its holdings in shares of Sibanye Gold by 0.6% during the 4th quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock valued at $15,122,000 after buying an additional 26,400 shares during the period. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Price Performance

Shares of NYSE:SBSW traded up $0.32 during midday trading on Friday, hitting $8.26. The company had a trading volume of 8,856,577 shares, compared to its average volume of 8,069,931. The company has a current ratio of 2.32, a quick ratio of 1.10 and a debt-to-equity ratio of 0.86. Sibanye Gold Limited has a 12-month low of $3.05 and a 12-month high of $8.30. The company has a fifty day moving average of $6.40 and a two-hundred day moving average of $4.79.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SBSW shares. Royal Bank Of Canada raised Sibanye Gold from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $4.70 to $5.30 in a report on Tuesday, March 18th. Wall Street Zen cut Sibanye Gold from a "buy" rating to a "hold" rating in a report on Sunday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $4.73.

About Sibanye Gold

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.