Gordian Capital Singapore Pte Ltd Buys Shares of 140,000 Sibanye Gold Limited $SBSW

Gordian Capital Singapore Pte Ltd purchased a new position in Sibanye Gold Limited (NYSE:SBSW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 140,000 shares of the company’s stock, valued at approximately $1,574,000. Sibanye Gold accounts for about 2.1% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 16th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC increased its stake in shares of Sibanye Gold by 113.9% in the 1st 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 grew 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 during the period. Goldman Sachs Group Inc. increased its position in Sibanye Gold by 196.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after buying an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Sibanye Gold in the first quarter worth about $55,000. Finally, Envestnet Asset Management Inc. bought a new stake in Sibanye Gold during the 2nd quarter worth approximately $186,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of SBSW opened at $14.39 on Wednesday. The company has a 50 day moving average of $16.59 and a two-hundred day moving average of $13.10. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. Sibanye Gold Limited has a twelve month low of $3.18 and a twelve month high of $21.29.

Sibanye Gold Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th will be given a $0.2614 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a dividend yield of 164.0%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. BMO Capital Markets increased their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada cut their price target on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.93.

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.