Insider Buying: Sibanye Gold (NYSE:SBSW) Director Buys 2,500 Shares of Stock

Sibanye Gold Limited (NYSE:SBSW) Director Richard Peter Menell acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of $11.43 per share, with a total value of $28,575.00. Following the acquisition, the director owned 2,500 shares in the company, valued at approximately $28,575. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Sibanye Gold Stock Up 4.7%

SBSW stock traded up $0.54 on Wednesday, hitting $12.01. 2,374,748 shares of the company’s stock were exchanged, compared to its average volume of 7,800,295. The firm has a 50 day moving average price of $15.98 and a two-hundred day moving average price of $13.41. Sibanye Gold Limited has a 12-month low of $3.18 and a 12-month high of $21.29. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Sibanye Gold Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th will be paid a dividend of $0.2614 per share. The ex-dividend date is Friday, March 20th. This represents a dividend yield of 292.0%.

Analyst Ratings Changes

Several brokerages recently commented on SBSW. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective for the company in a research report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Royal Bank Of Canada dropped their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Finally, Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sibanye Gold has an average rating of “Moderate Buy” and an average price target of $19.93.

Institutional Investors Weigh In On Sibanye Gold

A number of large investors have recently bought and sold shares of SBSW. Lingotto Investment Management LLP increased its holdings in Sibanye Gold by 0.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock worth $205,268,000 after buying an additional 263,600 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Sibanye Gold by 81.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after acquiring an additional 3,280,972 shares during the period. JPMorgan Chase & Co. lifted its stake in Sibanye Gold by 32,992.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after acquiring an additional 6,385,932 shares during the period. Condire Management LP boosted its holdings in shares of Sibanye Gold by 5.6% in the 4th quarter. Condire Management LP now owns 5,244,469 shares of the company’s stock valued at $74,734,000 after acquiring an additional 279,540 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Sibanye Gold by 77.0% in the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock worth $34,316,000 after acquiring an additional 2,068,178 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Company 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.