Zurcher Kantonalbank Zurich Cantonalbank Acquires New Holdings in Sibanye Gold Ltd (SBGL)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Sibanye Gold Ltd (NYSE:SBGL) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 90,762 shares of the basic materials company’s stock, valued at approximately $405,000.

Several other institutional investors have also recently added to or reduced their stakes in SBGL. Bank of America Corp DE raised its holdings in shares of Sibanye Gold by 288.8% in the 1st quarter. Bank of America Corp DE now owns 71,342 shares of the basic materials company’s stock worth $628,000 after purchasing an additional 52,992 shares during the period. Bank of Montreal Can raised its holdings in shares of Sibanye Gold by 53.7% during the 2nd quarter. Bank of Montreal Can now owns 102,615 shares of the basic materials company’s stock valued at $475,000 after buying an additional 35,848 shares during the period. Creative Planning raised its holdings in shares of Sibanye Gold by 26.6% during the 2nd quarter. Creative Planning now owns 35,815 shares of the basic materials company’s stock valued at $166,000 after buying an additional 7,529 shares during the period. ING Groep NV raised its holdings in shares of Sibanye Gold by 40.3% during the 2nd quarter. ING Groep NV now owns 23,857 shares of the basic materials company’s stock valued at $110,000 after buying an additional 6,857 shares during the period. Finally, World Asset Management Inc raised its holdings in shares of Sibanye Gold by 117.3% during the 2nd quarter. World Asset Management Inc now owns 31,058 shares of the basic materials company’s stock valued at $144,000 after buying an additional 16,766 shares during the period. Institutional investors own 36.60% of the company’s stock.

Several equities research analysts recently commented on SBGL shares. Zacks Investment Research upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Friday, October 13th. BidaskClub upgraded Sibanye Gold from a “hold” rating to a “buy” rating in a report on Friday, August 11th. ValuEngine upgraded Sibanye Gold from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Deutsche Bank upgraded Sibanye Gold from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, Morgan Stanley upgraded Sibanye Gold from an “equal weight” rating to an “overweight” rating in a report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $5.25.

Shares of Sibanye Gold Ltd (NYSE:SBGL) traded down $0.14 during trading hours on Wednesday, hitting $5.06. The company had a trading volume of 2,571,100 shares, compared to its average volume of 3,434,517. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.93. Sibanye Gold Ltd has a 1-year low of $4.36 and a 1-year high of $10.81.

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About Sibanye Gold

Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products.

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

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