Prospera Financial Services Inc purchased a new stake in shares of Sibanye Gold Ltd (NYSE:SBGL) during the second quarter, Holdings Channel reports. The fund purchased 12,755 shares of the company’s stock, valued at approximately $174,000.
A number of other institutional investors have also made changes to their positions in SBGL. Creative Planning boosted its stake in Sibanye Gold by 1,849.7% in the second quarter. Creative Planning now owns 7,760 shares of the company’s stock valued at $106,000 after buying an additional 7,362 shares during the period. Dorsey Wright & Associates bought a new position in shares of Sibanye Gold during the second quarter valued at about $289,000. CIBC World Markets Inc. raised its position in shares of Sibanye Gold by 68.4% in the second quarter. CIBC World Markets Inc. now owns 28,984 shares of the company’s stock valued at $395,000 after buying an additional 11,776 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Sibanye Gold by 41.0% in the second quarter. BNP Paribas Arbitrage SA now owns 29,105 shares of the company’s stock valued at $396,000 after buying an additional 8,468 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Sibanye Gold by 229.8% in the first quarter. BlackRock Fund Advisors now owns 33,226 shares of the company’s stock valued at $504,000 after buying an additional 23,150 shares in the last quarter.
Sibanye Gold Ltd (NYSE:SBGL) traded down 1.65% on Tuesday, hitting $13.72. 783,400 shares of the company’s stock were exchanged. The stock has a market cap of $3.17 billion, a P/E ratio of 51.19 and a beta of -0.34. Sibanye Gold Ltd has a 52-week low of $4.45 and a 52-week high of $20.97. The firm has a 50 day moving average price of $16.73 and a 200-day moving average price of $15.19.
The firm also recently announced a dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, September 23rd will be given a $0.177 dividend. The ex-dividend date is Wednesday, September 21st.
Several brokerages recently issued reports on SBGL. Zacks Investment Research raised shares of Sibanye Gold from a “strong sell” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research note on Wednesday, July 13th. Macquarie raised shares of Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st.
About Sibanye Gold
Sibanye Gold Limited (Sibanye) is a South Africa-based mining company. The Company owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. Its segments include Driefontein, Kloof, Beatrix, Cooke and Corporate. The Company owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof operations in the West Witwatersrand region, and the Beatrix operation in the southern Free State province.
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