Public Employees Retirement System of Ohio acquired a new position in shares of Sibanye Gold Limited (NYSE:SBSW – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 64,276 shares of the company’s stock, valued at approximately $546,000.
Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its position in Sibanye Gold by 113.9% in the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock worth $183,000 after purchasing an additional 21,248 shares in the last quarter. Millennium Management LLC boosted its holdings in Sibanye Gold by 363.7% during 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. boosted its holdings in Sibanye Gold by 196.6% during 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. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sibanye Gold in the 1st quarter valued at approximately $55,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Sibanye Gold in the 2nd quarter valued at approximately $186,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Sibanye Gold news, Director Richard Menell acquired 15,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the transaction, the director owned 25,125 shares in the company, valued at $55,023.75. This trade represents a 148.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on SBSW
Sibanye Gold Stock Performance
NYSE SBSW opened at $12.56 on Friday. The company has a 50 day moving average of $10.27 and a 200-day moving average of $11.51. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62. Sibanye Gold Limited has a 1-year low of $7.87 and a 1-year high of $21.29.
Sibanye Gold Dividend Announcement
The firm also recently declared a dividend, which will be paid on Tuesday, October 6th. Investors of record on Friday, September 18th will be given a dividend of $0.4985 per share. The ex-dividend date is Friday, September 18th. This represents a yield of 795.0%.
Sibanye Gold Company Profile
Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields’ South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.
The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.
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