Symons Capital Management Inc. trimmed its position in shares of Sibanye Gold Ltd (NYSE:SBGL) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 59,265 shares of the basic materials company’s stock after selling 1,493 shares during the quarter. Symons Capital Management Inc.’s holdings in Sibanye Gold were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBGL. Walleye Trading Advisors LLC bought a new position in Sibanye Gold in the 2nd quarter worth $76,000. CoreCommodity Management LLC raised its holdings in Sibanye Gold by 53.9% in the 2nd quarter. CoreCommodity Management LLC now owns 17,217 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 6,027 shares during the period. Voloridge Investment Management LLC bought a new position in Sibanye Gold in the 2nd quarter worth $89,000. Campbell & CO Investment Adviser LLC bought a new position in Sibanye Gold in the 2nd quarter worth $93,000. Finally, Comerica Bank raised its holdings in Sibanye Gold by 8.1% in the 3rd quarter. Comerica Bank now owns 33,979 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 2,557 shares during the period. 24.42% of the stock is currently owned by hedge funds and other institutional investors.
SBGL stock traded down $0.14 during trading on Friday, reaching $7.04. The company’s stock had a trading volume of 6,412,437 shares, compared to its average volume of 4,240,240. Sibanye Gold Ltd has a 1 year low of $2.25 and a 1 year high of $7.69. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $4.13 billion, a P/E ratio of -22.00, a price-to-earnings-growth ratio of 0.83 and a beta of -0.07. The company’s fifty day moving average is $6.49 and its 200-day moving average is $5.01.
SBGL has been the topic of a number of recent research reports. Morgan Stanley cut Sibanye Gold from an “overweight” rating to an “equal” rating in a report on Wednesday. Zacks Investment Research upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research note on Friday, October 25th. Finally, ValuEngine lowered Sibanye Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.
Sibanye Gold Profile
Sibanye Gold Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium projects; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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