BlueCrest Capital Management Ltd bought a new position in shares of Sibanye Gold Limited (NYSE:SBSW – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 763,107 shares of the company’s stock, valued at approximately $6,479,000.
Several other institutional investors have also bought and sold shares of SBSW. Price T Rowe Associates Inc. MD bought a new stake in Sibanye Gold in the fourth quarter valued at $63,023,000. Deutsche Bank AG bought a new position in shares of Sibanye Gold during the fourth quarter valued at $49,435,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Sibanye Gold by 81.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after purchasing an additional 3,280,972 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after purchasing an additional 2,487,648 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after purchasing an additional 2,370,443 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.
Sibanye Gold Stock Up 1.7%
SBSW stock opened at $13.12 on Thursday. The company has a current ratio of 2.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $10.20 and its two-hundred day moving average price is $11.53. Sibanye Gold Limited has a 1-year low of $7.87 and a 1-year high of $21.29.
Sibanye Gold Announces Dividend
Wall Street Analyst Weigh In
SBSW has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. Zacks Research upgraded Sibanye Gold from a “strong sell” rating to a “hold” rating in a report on Monday. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sibanye Gold presently has an average rating of “Hold” and an average price target of $16.82.
Get Our Latest Research Report on Sibanye Gold
Insider Activity at Sibanye Gold
In other Sibanye Gold news, Director Richard Menell acquired 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the purchase, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This represents a 148.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.05% of the stock is currently owned by corporate insiders.
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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