Sibanye Gold (NYSE:SBSW) Director Thabane Vincent Maphai Acquires 12,000 Shares

Sibanye Gold Limited (NYSE:SBSW) Director Thabane Vincent Maphai acquired 12,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $13.34 per share, with a total value of $160,080.00. Following the completion of the purchase, the director owned 140,178 shares in the company, valued at approximately $1,869,974.52. This represents a 9.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sibanye Gold Stock Down 9.2%

Shares of Sibanye Gold stock traded down $1.16 during mid-day trading on Thursday, hitting $11.34. 9,913,526 shares of the stock were exchanged, compared to its average volume of 7,865,018. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. Sibanye Gold Limited has a twelve month low of $3.18 and a twelve month high of $21.29. The company has a 50-day simple moving average of $16.37 and a 200 day simple moving average of $13.29.

Sibanye Gold Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. BMO Capital Markets boosted their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. 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 report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.93.

Institutional Investors Weigh In On Sibanye Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in SBSW. JPMorgan Chase & Co. lifted its stake in shares of Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock worth $46,246,000 after buying an additional 6,385,932 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Sibanye Gold during the fourth quarter worth about $63,023,000. Deutsche Bank AG acquired a new stake in shares of Sibanye Gold during the 4th quarter worth approximately $49,435,000. Arrowstreet Capital Limited Partnership increased its holdings in Sibanye Gold by 81.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after buying an additional 3,280,972 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Sibanye Gold by 2,449.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,246,397 shares of the company’s stock worth $36,490,000 after purchasing an additional 3,119,075 shares in the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.