49,766 Shares in Sibanye Gold Limited $SBSW Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC bought a new position in Sibanye Gold Limited (NYSE:SBSW) in the fourth quarter, HoldingsChannel.com reports. The fund bought 49,766 shares of the company’s stock, valued at approximately $709,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SBSW. GAMMA Investing LLC boosted its stake in shares of Sibanye Gold by 22.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after buying an additional 934 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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 worth $39,000 after acquiring an additional 1,000 shares during the period. MAI Capital Management increased its position in Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after acquiring an additional 1,169 shares during the last quarter. Ameriprise Financial Inc. increased its position in Sibanye Gold by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock valued at $192,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Fermata Advisors LLC lifted its holdings in Sibanye Gold by 11.8% in the third quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock valued at $151,000 after acquiring an additional 1,418 shares during the period. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Trading Down 3.3%

SBSW opened at $11.24 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. Sibanye Gold Limited has a fifty-two week low of $3.18 and a fifty-two week high of $21.29. The firm’s fifty day moving average is $16.21 and its 200 day moving average is $13.34.

Sibanye Gold Dividend Announcement

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

Insider Activity at Sibanye Gold

In other Sibanye Gold news, Director Thabane Vincent Maphai acquired 12,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was purchased at an average price of $13.34 per share, with a total value of $160,080.00. Following the completion of the purchase, the director directly owned 140,178 shares in the company, valued at approximately $1,869,974.52. The trade was a 9.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Royal Bank Of Canada lowered their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. BMO Capital Markets raised their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sibanye Gold currently has a consensus rating of “Moderate Buy” and an average 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.