Sibanye Gold (NYSE:SBSW) Director Richard Peter Menell Acquires 15,000 Shares of Stock

Sibanye Gold Limited (NYSE:SBSW) Director Richard Peter Menell acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares in the company, valued at $55,023.75. The trade was a 148.15% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Sibanye Gold Stock Down 1.6%

Shares of NYSE:SBSW opened at $8.48 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 52-week low of $7.09 and a 52-week high of $21.29. The firm has a fifty day moving average of $11.29 and a 200 day moving average of $13.70.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SBSW shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Zacks Research cut Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.93.

Institutional Investors Weigh In On Sibanye Gold

A number of institutional investors have recently made changes to their positions in the business. Dorsey Wright & Associates purchased a new stake in Sibanye Gold during the 3rd quarter valued at about $1,909,000. Jefferies Financial Group Inc. increased its stake in Sibanye Gold by 5,555.7% in the 3rd quarter. Jefferies Financial Group Inc. now owns 706,965 shares of the company’s stock worth $7,964,000 after purchasing an additional 694,465 shares during the period. American Century Companies Inc. increased its stake in Sibanye Gold by 14.9% in the 3rd quarter. American Century Companies Inc. now owns 2,294,313 shares of the company’s stock worth $25,788,000 after purchasing an additional 297,707 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in Sibanye Gold in the third quarter valued at approximately $1,574,000. Finally, Confluence Investment Management LLC bought a new stake in Sibanye Gold in the fourth quarter valued at approximately $709,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.