Mangrove Partners IM LLC Buys New Shares in Sibanye Gold Limited $SBSW

Mangrove Partners IM LLC purchased a new position in shares of Sibanye Gold Limited (NYSE:SBSW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 102,747 shares of the company’s stock, valued at approximately $1,155,000.

A number of other large investors also recently modified their holdings of SBSW. Wellington Management Group LLP bought a new position in shares of Sibanye Gold in the 3rd quarter valued at about $17,033,000. Pathstone Holdings LLC raised its holdings in Sibanye Gold by 1.5% during the third quarter. Pathstone Holdings LLC now owns 200,794 shares of the company’s stock worth $2,257,000 after acquiring an additional 2,903 shares in the last quarter. GeoWealth Management LLC bought a new stake in Sibanye Gold during the third quarter worth about $43,000. Stelac Advisory Services LLC acquired a new position in Sibanye Gold during the third quarter valued at approximately $134,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Sibanye Gold by 15.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company’s stock valued at $45,353,000 after purchasing an additional 539,447 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Gold Stock Down 7.9%

SBSW opened at $12.56 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The business has a fifty day simple moving average of $16.53 and a 200 day simple moving average of $13.14. Sibanye Gold Limited has a 1 year low of $3.18 and a 1 year high of $21.29.

Sibanye Gold Announces Dividend

The firm also recently announced 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. This represents a dividend yield of 164.0%. The ex-dividend date of this dividend is Friday, March 20th.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SBSW shares. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. BMO Capital Markets raised 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. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a report on Friday, January 23rd. Finally, Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.