Sibanye Gold (NYSE:SBSW) Director Acquires $28,575.00 in Stock

Sibanye Gold Limited (NYSE:SBSW) Director Richard Peter Menell purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of $11.43 per share, with a total value of $28,575.00. Following the purchase, the director directly owned 2,500 shares of the company’s stock, valued at approximately $28,575. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Sibanye Gold Price Performance

NYSE:SBSW traded up $0.54 during midday trading on Wednesday, hitting $12.01. The stock had a trading volume of 2,374,748 shares, compared to its average volume of 7,800,295. The stock has a 50-day moving average of $15.98 and a 200 day moving average of $13.41. Sibanye Gold Limited has a one year low of $3.18 and a one year high of $21.29. 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 Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th will be paid a dividend of $0.2614 per share. The ex-dividend date is Friday, March 20th. This represents a dividend yield of 292.0%.

Hedge Funds Weigh In On Sibanye Gold

A number of large investors have recently added to or reduced their stakes in the company. Lingotto Investment Management LLP boosted its holdings in shares of Sibanye Gold by 0.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock valued at $205,268,000 after buying an additional 263,600 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Sibanye Gold by 81.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock worth $104,252,000 after acquiring an additional 3,280,972 shares in the last quarter. JPMorgan Chase & Co. lifted its position in 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. Condire Management LP boosted its stake in 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 acquiring an additional 279,540 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Sibanye Gold by 77.0% in the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock valued at $34,316,000 after acquiring an additional 2,068,178 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SBSW has been the topic of several recent research reports. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. BMO Capital Markets boosted their price target on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada reduced their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.