Investec Asset Management LTD bought a new stake in Sibanye Gold Ltd (NYSE: SBGL) in the second quarter, according to the company in the latest 13F application to the Securities & Exchange Commission. The fund bought 1,161,073 shares in the stock of the basic material company, valued at approximately $ 2,834,000. Investec Asset Management LTD owned 0.48% of Sibanye Gold from the most recent SEC application.
A number of other large investors have also bought and sold shares of the company. Comerica Bank increased the shareholding in Sibanye Gold by 119.5% in the first quarter. Comerica Bank now holds 29,211 shares in the basic material business share with a value of $ 107,000 after the purchase of 15,905 additional shares in the last quarter. CIBC World Markets Inc. acquired a new share in Sibanye Gold shares worth $ 196,000 in the first quarter. Barclays PLC increased the share of Sibanye Gold shares by 604.9% in the first quarter. Barclays PLC now holds 56,589 shares in the basic material business share with a value of $ 226,000 after buying 48,389 additional shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased the share in Sibanye Gold by 39.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now holds 142,268 shares in the base material company's stock valued at $ 344,000 after buying an additional 39,991 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Sibanye Gold shares by 87.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 190,034 shares in the base materials company with a value of $ 758,000 after the purchase of an additional 88,846 shares in the last quarter. Institutional investors own 56.25% of the company's shares.
SBGL has been the subject of a number of research reports. Zacks Investment Research reduced Sibanye Gold from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a research note on Tuesday, August 28th. Citigroup reduced Sibanye Gold from a "buy" rating to a "neutral" rating in a study letter on Wednesday 27 June. ValuEngine cut Sibanye Gold from a "sell" rating on Wednesday, August 15, into a "strong sell" rating in a research note. Finally, Macquarie has reduced Sibanye Gold from a "neutral" rating to an "underperform" rating in a research note on Tuesday, August 28th. Three analysts have rated the shares with a sell rating, two have given a hold rating and three have assigned a buy-rating to the shares. The company currently has a consensus rating of "Hold" and a consensus price target of $ 5.25.
SBGL opened at $ 2.36 on Friday. Sibanye Gold Ltd has a 12 month low of $ 2.02 and a 12 month peak of $ 6.89. The company has a current ratio of 1.85, a short ratio of 1.30 and a ratio between debt and equity of 1.11.
About Sibanye Gold
Sibanye Gold Limited operates as a mining company for precious metals in South Africa, Zimbabwe and the United States. The company operates through PGM; and divisions of gold and uranium. It owns and manages gold and platinum group metals (PGM), including platinum, palladium and rhodium operations and projects, as well as produces by-products, such as iridium, ruthenium, nickel, copper and chromium.
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