Sei Investments Co. Has $10.70 Million Stock Position in Sibanye Gold Limited $SBSW

Sei Investments Co. increased its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 67.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 868,470 shares of the company’s stock after purchasing an additional 350,122 shares during the period. Sei Investments Co.’s holdings in Sibanye Gold were worth $10,700,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its stake in Sibanye Gold by 81.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after buying an additional 3,280,972 shares during the period. Condire Management LP lifted its position in shares of Sibanye Gold by 5.6% in the fourth quarter. Condire Management LP now owns 5,244,469 shares of the company’s stock valued at $74,734,000 after buying an additional 279,540 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Sibanye Gold during the 4th quarter worth approximately $63,023,000. Goehring & Rozencwajg Associates LLC boosted its stake in shares of Sibanye Gold by 20.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock worth $52,607,000 after acquiring an additional 730,389 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after acquiring an additional 2,370,443 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Trading Down 2.9%

Sibanye Gold stock opened at $8.82 on Friday. Sibanye Gold Limited has a 12 month low of $7.09 and a 12 month high of $21.29. The stock’s 50 day moving average is $9.45 and its 200-day moving average is $12.73. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Analysts Set New Price Targets

SBSW has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. BMO Capital Markets reduced their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, July 14th. Zacks Research downgraded shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sibanye Gold currently has an average rating of “Hold” and an average price target of $17.93.

Insiders Place Their Bets

In other news, Director Richard Peter Menell purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $2.19 per share, with a total value of $32,850.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Sibanye Gold 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.