Linden Advisors LP Buys New Shares in Sibanye Gold Limited $SBSW

Key Points

• Linden Advisors LP has invested approximately $763,000 in Sibanye Gold Limited, acquiring 166,609 shares as reported in their recent SEC filing.
• Several other institutional investors have also increased their positions in Sibanye Gold, with JPMorgan Chase & Co. boosting its stake by 283.8% in the last quarter.
• Wall Street analysts have upgraded Sibanye Gold from a "hold" rating to a "buy" rating, with a consensus target price of $4.73 for the stock.

Linden Advisors LP acquired a new stake in Sibanye Gold Limited (NYSE:SBSW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 166,609 shares of the company's stock, valued at approximately $763,000.

Several other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. lifted its stake in Sibanye Gold by 13.1% in the first quarter. Avantax Advisory Services Inc. now owns 17,659 shares of the company's stock valued at $81,000 after purchasing an additional 2,050 shares during the last quarter. Comprehensive Money Management Services LLC raised its holdings in Sibanye Gold by 5.9% during the 1st quarter. Comprehensive Money Management Services LLC now owns 40,301 shares of the company's stock valued at $185,000 after acquiring an additional 2,250 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in Sibanye Gold by 35.8% during the 1st 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 period. Banco Santander S.A. raised its holdings in Sibanye Gold by 9.8% during the 1st quarter. Banco Santander S.A. now owns 32,926 shares of the company's stock valued at $151,000 after acquiring an additional 2,952 shares during the period. Finally, EntryPoint Capital LLC raised its holdings in Sibanye Gold by 16.7% during the 1st quarter. EntryPoint Capital LLC now owns 45,037 shares of the company's stock valued at $206,000 after acquiring an additional 6,440 shares during the period. Hedge funds and other institutional investors own 34.93% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Sibanye Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $4.73.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock traded up $0.32 during trading on Monday, hitting $7.59. The stock had a trading volume of 7,345,870 shares, compared to its average volume of 7,112,720. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 14.59 and a beta of 0.65. Sibanye Gold Limited has a 12 month low of $3.05 and a 12 month high of $9.85. The business's 50-day moving average is $8.26 and its 200 day moving average is $6.00. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96.

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.