Public Employees Retirement System of Ohio Acquires 62,291 Shares of Sibanye Gold Limited $SBSW

Public Employees Retirement System of Ohio raised its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 12.8% in the 1st quarter, HoldingsChannel reports. The firm owned 550,753 shares of the company’s stock after buying an additional 62,291 shares during the period. Public Employees Retirement System of Ohio’s holdings in Sibanye Gold were worth $6,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its holdings in shares of Sibanye Gold by 1,462.5% in the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,872 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Sibanye Gold during the 4th quarter worth about $29,000. Blue Trust Inc. lifted its stake in shares of Sibanye Gold by 84.1% during the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Sibanye Gold by 116.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after buying an additional 1,777 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after buying an additional 1,000 shares during the period. 34.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. BMO Capital Markets decreased their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen cut Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Zacks Research downgraded Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.93.

Insider Transactions at Sibanye Gold

In related news, Director Richard Peter Menell acquired 15,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the purchase, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Sibanye Gold Stock Down 1.9%

NYSE SBSW opened at $8.38 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. Sibanye Gold Limited has a 1-year low of $7.09 and a 1-year high of $21.29. The company has a 50 day moving average of $9.62 and a 200-day moving average of $12.85.

About Sibanye Gold

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.