Public Employees Retirement System of Ohio Takes $546,000 Position in Sibanye Gold Limited $SBSW

Public Employees Retirement System of Ohio acquired a new position in shares of Sibanye Gold Limited (NYSE:SBSWFree 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

Several equities analysts recently commented on SBSW shares. Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 target price for the company in a research report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. BMO Capital Markets lowered their price target on 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. Zacks Research upgraded Sibanye Gold from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sibanye Gold presently has a consensus rating of “Hold” and a consensus target price of $16.82.

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

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sibanye Gold (NYSE:SBSW)

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