Panagora Asset Management Inc. Grows Holdings in Sibanye Gold Limited $SBSW

Panagora Asset Management Inc. raised its position in Sibanye Gold Limited (NYSE:SBSW) by 50.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,527,790 shares of the company’s stock after buying an additional 514,144 shares during the period. Panagora Asset Management Inc. owned about 0.22% of Sibanye Gold worth $21,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBSW. AQR Capital Management LLC increased its holdings in Sibanye Gold by 113.9% in the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock valued at $183,000 after buying an additional 21,248 shares in the last quarter. Millennium Management LLC increased its holdings in Sibanye Gold by 363.7% in the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after buying an additional 2,487,648 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 valued at $16,379,000 after buying an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Sibanye Gold in the first quarter valued at $55,000. Finally, Envestnet Asset Management Inc. purchased a new position in Sibanye Gold in the second quarter valued at $186,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SBSW. Zacks Research cut shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Royal Bank Of Canada cut their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.93.

Sibanye Gold Stock Performance

SBSW stock opened at $10.71 on Tuesday. The firm has a 50-day simple moving average of $12.11 and a 200-day simple moving average of $13.96. 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 52 week low of $6.72 and a 52 week high of $21.29.

Insider Activity at Sibanye Gold

In related news, Director Richard Peter Menell bought 2,500 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average price of $11.43 per share, with a total value of $28,575.00. Following the completion of the purchase, the director directly owned 2,500 shares of the company’s stock, valued at approximately $28,575. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

About Sibanye Gold

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.