Trek Financial LLC trimmed its stake in Sibanye Gold Limited (NYSE:SBSW – Free Report) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 345,906 shares of the company’s stock after selling 53,848 shares during the quarter. Trek Financial LLC’s holdings in Sibanye Gold were worth $4,929,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of SBSW. ABC Arbitrage SA grew its stake in Sibanye Gold by 260.1% in the third 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 in the last quarter. Millennium Management LLC grew its stake in Sibanye Gold by 363.7% in the first 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in Sibanye Gold by 196.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after purchasing an additional 2,370,443 shares in the last quarter. Wellington Management Group LLP bought a new position in Sibanye Gold in the third quarter valued at approximately $17,033,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of Sibanye Gold by 2,545.9% in the third quarter. Balyasny Asset Management L.P. now owns 952,289 shares of the company’s stock valued at $10,704,000 after buying an additional 916,298 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director Richard Peter Menell acquired 2,500 shares of the stock in a transaction on Tuesday, March 24th. The shares were purchased at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the purchase, the director directly owned 2,500 shares in the company, valued at approximately $28,575. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thabane Vincent Maphai acquired 12,000 shares of the stock in a transaction on Monday, March 16th. The shares were bought at an average price of $13.34 per share, for a total transaction of $160,080.00. Following the purchase, the director owned 140,178 shares in the company, valued at approximately $1,869,974.52. This trade represents a 9.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.05% of the stock is owned by company insiders.
Sibanye Gold Stock Performance
Sibanye Gold Announces Dividend
The business also recently disclosed an annual dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th were paid a dividend of $0.2614 per share. This represents a yield of 292.0%. The ex-dividend date was Friday, March 20th.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Zacks Research cut Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. BMO Capital Markets raised their price objective on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective for the company in a research report on Friday, January 23rd. Finally, Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.93.
Check Out Our Latest Stock Analysis on Sibanye Gold
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.
Read More
- Five stocks we like better than Sibanye Gold
- Sell in May and Go Away—Starting With These 3 Stocks
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
Receive News & Ratings for Sibanye Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Gold and related companies with MarketBeat.com's FREE daily email newsletter.
