Linden Advisors LP Acquires Shares of 166,609 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 purchased a new position in shares of Sibanye Gold Limited (NYSE:SBSW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 166,609 shares of the company's stock, valued at approximately $763,000.

Other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Sibanye Gold during the 4th quarter worth approximately $25,000. GAMMA Investing LLC increased its position in shares of Sibanye Gold by 590.8% during the 1st quarter. GAMMA Investing LLC now owns 9,091 shares of the company's stock worth $42,000 after purchasing an additional 7,775 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Sibanye Gold by 35.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company's stock worth $42,000 after purchasing an additional 2,400 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Sibanye Gold during the 4th quarter worth approximately $35,000. Finally, Resolute Wealth Strategies LLC acquired a new position in shares of Sibanye Gold during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 34.93% of the company's stock.

Sibanye Gold Trading Up 3.5%

NYSE SBSW traded up $0.29 on Wednesday, reaching $8.57. The stock had a trading volume of 6,190,454 shares, compared to its average volume of 9,622,106. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 2.89. The firm has a fifty day moving average of $8.30 and a two-hundred day moving average of $6.04. Sibanye Gold Limited has a 1-year low of $3.05 and a 1-year high of $9.85.

Wall Street Analysts Forecast Growth

SBSW has been the topic of several recent analyst reports. Wall Street Zen raised Sibanye Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday. BMO Capital Markets boosted their price target on Sibanye Gold from $7.00 to $8.50 and gave the stock a "market perform" rating in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Sibanye Gold currently has a consensus rating of "Hold" and a consensus price target of $6.07.

Sibanye Gold 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.