Millennium Management LLC acquired a new position in Sibanye Gold Ltd (NYSE: SBGL) shares during the first quarter, according to the latest filings with the SEC. The institutional investor purchased 597,495 shares in the stock of the basic material company, valued at approximately $ 2,384,000. Millennium Management LLC owned approximately 0.24% of Sibanye Gold at the end of the most recent reporting period.
Other institutional investors have also changed their holdings to the company. Comerica Bank reduced its position in the shares of Sibanye Gold by 119.5% in the first quarter. Comerica Bank now holds 29,211 shares of the basic material business share with a value of $ 107,000 after the purchase of 15,905 additional shares during the last quarter. Barclays PLC increased its position in Sibanye Gold shares by 604.9% during the first quarter. Barclays PLC now holds 56,589 shares in the basic material business share with a value of $ 226,000 after the acquisition of 48,389 additional shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position 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. Cubist Systematic Strategies LLC increased its position in Sibanye Gold shares by 1.202.8% in the first quarter. Cubist Systematic Strategies LLC now owns 193,784 shares of the basic material business share with a value of $ 773,000 after buying 178,910 additional shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Sibanye Gold shares by 104.2% during the first quarter. Schroder Investment Management Group now owns 524,710 shares in the basic material business share with a value of $ 2,094,000 after the purchase of 267,710 additional shares during the last quarter. Institutional investors own 55.91% of the company's shares.
SBGL has been the subject of several analyst reports. Zacks Investment Research increased Sibanye Gold's shares from a & # 39; sell & # 39; credit to a & # 39; hold & # 39; rating in a research report on Wednesday, June 20. Citigroup reduced Sibanye Gold shares from a "buy" rating to a "neutral" rating in a research report on Wednesday 27 June. Finally, ValuEngine reduced the shares of Sibanye Gold from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a research report on Saturday 2 June. One investment analyst has rated the shares with a sell rating, three have a hold rating and three have assigned a buy-rating to the company. Sibanye Gold currently has a consensus rating of "Hold" and an average price target of $ 5.25.
Shares of the Sibanye Gold shares rose $ 0.05 on Tuesday during afternoon trading and reached $ 2.29. The company had a trading volume of 2,305,314 shares, compared with the average volume of 3,706,955. The company has a market capitalization of $ 517.38 million, a P / E ratio of -56.00 and a beta of -0.12. The company has a short ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. Sibanye Gold Ltd has a 12 month low of $ 2.02 and a 12 month peak of $ 6.89.
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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