Janney Montgomery Scott LLC Boosts Holdings in Sibanye Gold Limited $SBSW

Janney Montgomery Scott LLC raised its holdings in Sibanye Gold Limited (NYSE:SBSW) by 269.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,963 shares of the company’s stock after purchasing an additional 70,701 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sibanye Gold were worth $1,195,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SBSW. AdvisorNet Financial Inc increased its position in shares of Sibanye Gold by 1,462.5% during the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,872 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Sibanye Gold during the fourth quarter worth about $29,000. Blue Trust Inc. boosted its stake in Sibanye Gold by 84.1% during the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares during the period. PNC Financial Services Group Inc. boosted its stake in Sibanye Gold by 116.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after buying an additional 1,777 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Peter Menell acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares of the company’s stock, valued at $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SBSW has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.93.

Sibanye Gold Stock Performance

Shares of NYSE SBSW traded down $0.02 during midday trading on Friday, hitting $8.54. The company’s stock had a trading volume of 4,143,794 shares, compared to its average volume of 5,341,612. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $10.67 and its two-hundred day simple moving average is $13.42. Sibanye Gold Limited has a 1 year low of $7.09 and a 1 year high of $21.29.

Sibanye Gold Company Profile

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum?group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.