Sibanye Gold (NYSE:SBSW) Director Richard Peter Menell Acquires 15,000 Shares

Sibanye Gold Limited (NYSE:SBSW) Director Richard Peter Menell bought 15,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the transaction, the director directly owned 25,125 shares of the company’s stock, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Sibanye Gold Stock Up 0.1%

Shares of SBSW opened at $8.50 on Thursday. Sibanye Gold Limited has a one year low of $7.09 and a one year high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $11.19 and a two-hundred day moving average of $13.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc lifted its stake in Sibanye Gold by 1,462.5% in the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,872 shares in the last quarter. MAI Capital Management lifted its stake in shares of Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after buying an additional 1,169 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Sibanye Gold in the 4th quarter valued at $29,000. Blue Trust Inc. boosted its stake in shares of Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after buying an additional 1,002 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Sibanye Gold by 116.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after purchasing an additional 1,777 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on SBSW shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Zacks Research lowered shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.93.

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.