Jane Street Group LLC Increases Stake in Sibanye Gold Ltd (SBGL)

Share on StockTwits

Jane Street Group LLC increased its stake in shares of Sibanye Gold Ltd (NYSE:SBGL) by 148.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,056,714 shares of the basic materials company’s stock after purchasing an additional 1,230,392 shares during the quarter. Jane Street Group LLC owned 0.83% of Sibanye Gold worth $4,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in Sibanye Gold by 2,705.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 46,527 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Sibanye Gold by 239.8% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 172,054 shares of the basic materials company’s stock valued at $417,000 after acquiring an additional 121,415 shares during the period. OppenheimerFunds Inc. boosted its holdings in Sibanye Gold by 6.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 1,579,600 shares of the basic materials company’s stock valued at $3,823,000 after acquiring an additional 89,600 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in Sibanye Gold by 115.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 408,794 shares of the basic materials company’s stock valued at $989,000 after acquiring an additional 218,760 shares during the period. Finally, Investec Asset Management LTD purchased a new position in Sibanye Gold during the 2nd quarter valued at $2,834,000. 56.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE SBGL traded up $0.06 during mid-day trading on Friday, reaching $3.22. 4,066,021 shares of the company were exchanged, compared to its average volume of 3,797,075. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.85 and a quick ratio of 1.30. The stock has a market capitalization of $613.47 million, a P/E ratio of -80.50 and a beta of -0.01. Sibanye Gold Ltd has a 1 year low of $2.02 and a 1 year high of $5.66.

Several equities research analysts have weighed in on SBGL shares. ValuEngine cut Sibanye Gold from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 15th. Macquarie cut Sibanye Gold from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded Sibanye Gold from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Finally, Citigroup cut Sibanye Gold from a “buy” rating to a “neutral” rating in a report on Wednesday, June 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $2.75.

Sibanye Gold Company Profile

Sibanye Gold Limited operates as a precious metals mining company in South Africa, Zimbabwe, and the United States. The company operates through PGM; and Gold and Uranium divisions. It owns and operates 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 chrome.

Featured Story: How to calculate the intrinsic value of a stock

Institutional Ownership by Quarter for Sibanye Gold (NYSE:SBGL)

Receive News & Ratings for Sibanye Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply