Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sibanye Gold Limited (NYSE:SBSW – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 65,996 shares of the company’s stock, valued at approximately $674,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in Sibanye Gold in the 1st quarter valued at approximately $22,507,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Sibanye Gold by 21.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock worth $109,687,000 after buying an additional 1,587,183 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Sibanye Gold during the second quarter worth $9,126,000. BlueCrest Capital Management Ltd acquired a new position in shares of Sibanye Gold during the second quarter worth $6,479,000. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in shares of Sibanye Gold by 20.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock worth $52,607,000 after buying an additional 730,389 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.
Sibanye Gold Stock Up 0.1%
SBSW opened at $9.51 on Monday. Sibanye Gold Limited has a fifty-two week low of $7.87 and a fifty-two week high of $21.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 1.37. The company’s 50 day moving average price is $10.54 and its two-hundred day moving average price is $11.88.
Sibanye Gold Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th were issued a dividend of $0.4985 per share. This represents a dividend yield of 856.0%. The ex-dividend date was Friday, September 18th.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. BMO Capital Markets dropped their price target on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, July 14th. Zacks Research cut Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Royal Bank Of Canada lowered their target price on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 6th. Finally, Weiss Ratings raised Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Three 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’s stock. Based on data from MarketBeat, Sibanye Gold presently has an average rating of “Hold” and a consensus price target of $16.32.
View Our Latest Stock Report on Sibanye Gold
Sibanye Gold Company Profile
Sibanye-Stillwater Limited, formerly known as Sibanye Gold, is a multinational mining and metals-processing company headquartered in South Africa. The company was established in 2013 as a spin-off from Gold Fields and expanded beyond gold through acquisitions, including the purchase of U.S.-based Stillwater Mining Company in 2017.
Its operations produce gold and platinum-group metals, including platinum, palladium and rhodium. The company also mines and processes other metals and minerals, with activities spanning South Africa and the United States, as well as projects and operations in Europe and Australia.
In addition to mining, Sibanye-Stillwater has interests in metals recycling and the development of battery-related materials.
See Also
- Five stocks we like better than Sibanye Gold
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
- After the Midterms, Which of These 3 Defense ETFs Looks Strongest?
- The Ugly Truth Behind SoundHound’s Q3 Results
Want to see what other hedge funds are holding SBSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sibanye Gold Limited (NYSE:SBSW – Free Report).
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.
