BCGM Wealth Management LLC Sells 214,104 Shares of Sibanye Gold Limited $SBSW

BCGM Wealth Management LLC cut its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 30.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 491,358 shares of the company’s stock after selling 214,104 shares during the quarter. Sibanye Gold makes up approximately 1.8% of BCGM Wealth Management LLC’s holdings, making the stock its 11th biggest holding. BCGM Wealth Management LLC’s holdings in Sibanye Gold were worth $7,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock worth $46,246,000 after purchasing an additional 6,385,932 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sibanye Gold by 1,136.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after buying an additional 3,212,833 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Sibanye Gold by 2,449.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,246,397 shares of the company’s stock worth $36,490,000 after buying an additional 3,119,075 shares in the last quarter. ABC Arbitrage SA grew its position in shares of Sibanye Gold by 260.1% during the 3rd quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock worth $45,329,000 after buying an additional 2,912,995 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after buying an additional 2,487,648 shares during the period. Institutional investors own 34.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SBSW shares. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. BMO Capital Markets lifted their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Finally, HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective for the company in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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 stock in a transaction on Monday, March 16th. The shares were bought at an average cost of $13.34 per share, with a total value of $160,080.00. Following the completion of the acquisition, the director owned 140,178 shares in the company, valued at $1,869,974.52. This trade represents a 9.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is owned by corporate insiders.

Sibanye Gold Trading Down 3.3%

Sibanye Gold stock opened at $11.24 on Friday. 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 52 week low of $3.18 and a 52 week high of $21.29. The stock has a 50-day moving average price of $16.21 and a 200 day moving average price of $13.30.

Sibanye Gold Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 20th will be issued a dividend of $0.2614 per share. This represents a dividend yield of 292.0%. The ex-dividend date of this dividend is Friday, March 20th.

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.