Linden Advisors LP Decreases Stake in Sibanye Gold Limited $SBSW

Linden Advisors LP lowered its position in shares of Sibanye Gold Limited (NYSE:SBSW) by 78.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 339,510 shares of the company’s stock after selling 1,231,298 shares during the quarter. Linden Advisors LP’s holdings in Sibanye Gold were worth $3,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Sibanye Gold by 32,992.0% during the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after acquiring an additional 6,385,932 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Sibanye Gold by 1,136.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after purchasing an additional 3,212,833 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Sibanye Gold by 2,449.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,246,397 shares of the company’s stock valued at $36,490,000 after purchasing an additional 3,119,075 shares during the period. ABC Arbitrage SA grew its stake in Sibanye Gold by 260.1% in the 3rd quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock valued at $45,329,000 after purchasing an additional 2,912,995 shares during the period. Finally, Millennium Management LLC increased its position in shares of Sibanye Gold by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after purchasing an additional 2,487,648 shares during the last quarter. 34.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SBSW. BMO Capital Markets lifted 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. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective for the company in a report on Friday, January 23rd. Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Royal Bank Of Canada reduced their target price on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.93.

Sibanye Gold Stock Performance

SBSW stock opened at $13.34 on Tuesday. 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 fifty-two week low of $3.18 and a fifty-two week high of $21.29. The stock has a fifty day moving average of $16.49 and a 200-day moving average of $13.25.

Sibanye Gold Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be issued a dividend of $0.2614 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 164.0%.

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.