429,100 Shares in Sibanye Gold Limited $SBSW Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC bought a new stake in Sibanye Gold Limited (NYSE:SBSW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 429,100 shares of the company’s stock, valued at approximately $4,823,000. Sibanye Gold comprises about 1.6% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other large investors have also added to or reduced their stakes in SBSW. Cantor Fitzgerald L. P. lifted its position in shares of Sibanye Gold by 37.9% during the third quarter. Cantor Fitzgerald L. P. now owns 49,660 shares of the company’s stock valued at $558,000 after buying an additional 13,660 shares during the last quarter. Dorsey Wright & Associates purchased a new position in shares of Sibanye Gold in the 3rd quarter worth approximately $1,909,000. NewEdge Advisors LLC grew its position in shares of Sibanye Gold by 152.7% in the 3rd quarter. NewEdge Advisors LLC now owns 27,795 shares of the company’s stock worth $312,000 after buying an additional 16,795 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Sibanye Gold during the 3rd quarter worth approximately $230,000. Finally, United Capital Financial Advisors LLC lifted its position in Sibanye Gold by 6.9% during the third quarter. United Capital Financial Advisors LLC now owns 44,078 shares of the company’s stock valued at $495,000 after acquiring an additional 2,847 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

Sibanye Gold Trading Down 6.5%

Shares of Sibanye Gold stock opened at $12.49 on Thursday. The firm’s 50 day simple moving average is $16.37 and its two-hundred day simple moving average is $13.29. Sibanye Gold Limited has a 12-month low of $3.18 and a 12-month high of $21.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

Sibanye Gold Announces Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 20th will be given a $0.2614 dividend. This represents a dividend yield of 164.0%. The ex-dividend date of this dividend is Friday, March 20th.

Analyst Ratings Changes

Several equities research analysts have weighed in on SBSW shares. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Royal Bank Of Canada lowered their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. BMO Capital Markets boosted their target price on Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.93.

Sibanye Gold Company Profile

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.