Public Employees Retirement System of Ohio Makes New Investment in Sibanye Gold Limited $SBSW

Public Employees Retirement System of Ohio acquired a new stake in Sibanye Gold Limited (NYSE:SBSW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 64,276 shares of the company’s stock, valued at approximately $546,000.

A number of other institutional investors also recently modified their holdings of the stock. AdvisorNet Financial Inc grew its stake in shares of Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,872 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 buying an additional 1,777 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Sibanye Gold by 40.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the last quarter. GeoWealth Management LLC bought a new position in Sibanye Gold in the 3rd quarter valued at $43,000. Finally, US Bancorp DE increased its stake in shares of Sibanye Gold by 2,664.2% in the 3rd quarter. US Bancorp DE now owns 4,091 shares of the company’s stock valued at $46,000 after buying an additional 3,943 shares during the period. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Stock Performance

Shares of Sibanye Gold stock opened at $12.56 on Friday. The firm has a fifty day moving average of $10.27 and a two-hundred day moving average of $11.51. The company has a current ratio of 2.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. Sibanye Gold Limited has a 52 week low of $7.87 and a 52 week high of $21.29.

Sibanye Gold Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Investors of record on Friday, September 18th will be issued a $0.4985 dividend. This represents a yield of 795.0%. The ex-dividend date is Friday, September 18th.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SBSW shares. Zacks Research upgraded Sibanye Gold from a “strong sell” rating to a “hold” rating in a research report on Monday. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 6th. BMO Capital Markets dropped their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, July 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. Finally, Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 target price on the stock in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sibanye Gold currently has an average rating of “Hold” and a consensus target price of $16.82.

Insiders Place Their Bets

In related news, Director Richard Menell bought 15,000 shares of Sibanye Gold stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director owned 25,125 shares in the company, valued at approximately $55,023.75. This represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Sibanye Gold Profile

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields’ South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.