Eschler Asset Management LLP increased its stake in Sibanye Gold Limited (NYSE:SBSW – Free Report) by 229.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,475 shares of the company’s stock after buying an additional 163,908 shares during the period. Sibanye Gold comprises about 2.3% of Eschler Asset Management LLP’s investment portfolio, making the stock its 11th largest position. Eschler Asset Management LLP’s holdings in Sibanye Gold were worth $3,356,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of Sibanye Gold by 81.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock worth $104,252,000 after buying an additional 3,280,972 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Sibanye Gold during the fourth quarter valued at $126,000. PCM Encore LLC bought a new stake in Sibanye Gold during the fourth quarter valued at $516,000. First Trust Advisors LP bought a new stake in Sibanye Gold during the fourth quarter valued at $230,000. Finally, Hatch Cove Capital LLC bought a new stake in Sibanye Gold during the fourth quarter valued at $15,326,000. Institutional investors own 34.93% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on SBSW. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Royal Bank Of Canada lowered 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 note on Thursday, February 19th. Finally, Zacks Research lowered shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sibanye Gold presently has an average rating of “Hold” and an average price target of $19.93.
Insider Buying and Selling at Sibanye Gold
In other news, Director Thabane Vincent Maphai purchased 12,000 shares of Sibanye Gold stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $13.34 per share, with a total value of $160,080.00. Following the completion of the acquisition, the director owned 140,178 shares in the company, valued at $1,869,974.52. The trade was a 9.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Peter Menell purchased 2,500 shares of Sibanye Gold stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average cost of $11.43 per share, with a total value of $28,575.00. Following the acquisition, the director owned 2,500 shares of the company’s stock, valued at approximately $28,575. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.05% of the company’s stock.
Sibanye Gold Trading Up 1.2%
Shares of SBSW opened at $9.86 on Friday. Sibanye Gold Limited has a 1 year low of $6.72 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. The firm has a fifty day moving average of $12.15 and a 200-day moving average of $13.96.
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.
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