Arrowstreet Capital Limited Partnership Boosts Stock Position in Sibanye Gold Limited $SBSW

Arrowstreet Capital Limited Partnership raised its stake in Sibanye Gold Limited (NYSE:SBSW) by 81.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,315,944 shares of the company’s stock after purchasing an additional 3,280,972 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Sibanye Gold were worth $104,252,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Sibanye Gold in the 4th quarter worth approximately $29,000. Blue Trust Inc. boosted its position in Sibanye Gold by 84.1% during the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after acquiring an additional 1,002 shares during the period. MAI Capital Management boosted its position in 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 acquiring an additional 1,169 shares during the period. PNC Financial Services Group Inc. boosted its position in Sibanye Gold by 116.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after acquiring an additional 1,777 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

Insider Buying and Selling at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell purchased 2,500 shares of the stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the acquisition, the director owned 2,500 shares of the company’s stock, valued at $28,575. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.05% of the company’s stock.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $10.71 on Tuesday. The stock’s fifty day moving average is $12.11 and its 200-day moving average is $13.96. 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 Limited has a 12-month low of $6.72 and a 12-month high of $21.29.

Analyst Upgrades and Downgrades

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

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.