Engineers Gate Manager LP Raises Stake in Sibanye Gold Limited $SBSW

Engineers Gate Manager LP increased its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 67.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 518,732 shares of the company’s stock after purchasing an additional 209,804 shares during the quarter. Engineers Gate Manager LP’s holdings in Sibanye Gold were worth $4,404,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SBSW. AdvisorNet Financial Inc lifted its holdings in shares of Sibanye Gold by 1,462.5% during the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,872 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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 valued at $37,000 after buying an additional 1,777 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sibanye Gold by 40.3% in the third 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 in the last quarter. GeoWealth Management LLC purchased a new stake in shares of Sibanye Gold during the 3rd quarter valued at about $43,000. Finally, US Bancorp DE lifted its position in Sibanye Gold by 2,664.2% during the 3rd quarter. US Bancorp DE now owns 4,091 shares of the company’s stock worth $46,000 after acquiring an additional 3,943 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of SBSW opened at $12.53 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $10.34 and its two-hundred day moving average is $11.52. Sibanye Gold Limited has a 52-week low of $7.87 and a 52-week high of $21.29.

Sibanye Gold Dividend Announcement

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

Insider Activity at Sibanye Gold

In related news, Director Richard Menell purchased 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. This trade represents a 148.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SBSW shares. BMO Capital Markets decreased their price target 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. Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 6th. Zacks Research upgraded shares of Sibanye Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.82.

Sibanye Gold Company 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.