Sibanye Gold Limited (SBGL) Showing Signs Of Heavy Institutional Buying?

Sibanye Gold Limited (NYSE:SBGL) produced a 112.87% rally since recording the worst price of $2.02. Thanks to the latest 8.86% increase, it now trades at $4.3. Throughout the trading on 02/08/2019, the share price floated between $4.02 and $4.355. This company shares are 32.79% off its target price of $5.71 and the current market capitalization stands at $2.2B. The recent change has given its price a 49.64% lead over SMA 50 and -6.44% deficit over its 52-week high. The stock witnessed 41.45% gains, 69.96% gains and 67.97% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SBGL’s volatility during a week at 5.19% and during a month it has been found around 4.88%.

Sibanye Gold Limited (SBGL) Top Holders

Institutional investors currently hold around $640 million or 29.3% in SBGL stock. Look at its top three institutional owners. Van Eck Associates Corp owns $215.24 million in Sibanye Gold Limited, which represents roughly 9.78% of the company’s market cap and approximately 33.63% of the institutional ownership. Similar statistics are true for the second largest owner, Exor Investments (Uk) Llp, which owns 46,150,343 shares of the stock are valued at $198.45 million. The third largest holder is Majedie Asset Management Ltd, which currently holds $29.65 million worth of this stock and that ownership represents nearly 1.35% of its market capitalization.

Sibanye Gold Limited 13F Filings

At the end of September reporting period, 50 institutional holders increased their position in Sibanye Gold Limited (NYSE:SBGL) by some 19,582,348 shares, 41 decreased positions by 10,460,526 and 18 held positions by 118,839,767. That puts total institutional holdings at 148,882,641 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 10,190,978 shares while 12 institutional investors sold out their entire positions totaling 956,245 shares.

Sibanye Gold Limited (SBGL) Analyst Guide

Not many analysts have released their opinion on Sibanye Gold Limited (NYSE:SBGL), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.