Renaissance Technologies LLC Acquires Shares of 1,826,904 Sibanye Gold Limited $SBSW

Renaissance Technologies LLC bought a new position in shares of Sibanye Gold Limited (NYSE:SBSW) during the first quarter, HoldingsChannel.com reports. The firm bought 1,826,904 shares of the company’s stock, valued at approximately $22,507,000.

Several other hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD bought a new stake in shares of Sibanye Gold in the fourth quarter valued at approximately $63,023,000. Deutsche Bank AG bought a new position in Sibanye Gold during the 4th quarter worth $49,435,000. Arrowstreet Capital Limited Partnership raised its holdings in Sibanye Gold by 81.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after acquiring an additional 3,280,972 shares in the last quarter. Millennium Management LLC raised its holdings in Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after acquiring an additional 2,487,648 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after acquiring an additional 2,370,443 shares in the last quarter. 34.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SBSW. Zacks Research lowered Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. BMO Capital Markets dropped their price target on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, July 14th. Wall Street Zen cut shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.93.

Insider Activity at Sibanye Gold

In related news, Director Richard Peter Menell purchased 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the purchase, the director owned 25,125 shares in the company, valued at approximately $55,023.75. This trade represents a 148.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

Sibanye Gold Stock Up 2.0%

NYSE:SBSW opened at $8.55 on Thursday. The stock’s 50-day simple moving average is $9.55 and its 200 day simple moving average is $12.80. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. Sibanye Gold Limited has a twelve month low of $7.09 and a twelve month high of $21.29.

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.