Sibanye Gold Limited $SBSW Shares Acquired by Eschler Asset Management LLP

Eschler Asset Management LLP increased its stake in Sibanye Gold Limited (NYSE:SBSW) by 229.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 235,475 shares of the company’s stock after buying an additional 163,908 shares during the quarter. Sibanye Gold comprises about 2.3% of Eschler Asset Management LLP’s holdings, making the stock its 11th biggest position. Eschler Asset Management LLP’s holdings in Sibanye Gold were worth $3,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. MAI Capital Management lifted its holdings in Sibanye Gold by 87.8% in the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after purchasing an additional 1,169 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Sibanye Gold in the fourth quarter worth about $29,000. Blue Trust Inc. lifted its holdings in Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares during the period. PNC Financial Services Group Inc. lifted its holdings in 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. Finally, State of Wyoming acquired a new stake in Sibanye Gold in the third quarter worth about $39,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of NYSE SBSW opened at $9.86 on Friday. Sibanye Gold Limited has a twelve month low of $6.72 and a twelve month high of $21.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. The firm has a 50-day moving average of $12.15 and a two-hundred day moving average of $13.96.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SBSW shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Royal Bank Of Canada cut their price target 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. Zacks Research downgraded shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.93.

Insider Transactions at Sibanye Gold

In other Sibanye Gold news, Director Thabane Vincent Maphai purchased 12,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was bought at an average cost of $13.34 per share, with a total value of $160,080.00. Following the acquisition, the director owned 140,178 shares of the company’s stock, valued at $1,869,974.52. The trade was a 9.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Peter Menell purchased 2,500 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was acquired at an average cost of $11.43 per share, with a total value of $28,575.00. Following the completion of the acquisition, the director directly owned 2,500 shares in the company, valued at $28,575. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.05% of the stock is currently owned by corporate insiders.

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.