Assenagon Asset Management S.A. Sells 1,819,365 Shares of Sibanye Gold Limited $SBSW

Assenagon Asset Management S.A. reduced its stake in Sibanye Gold Limited (NYSE:SBSW) by 56.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,427,032 shares of the company’s stock after selling 1,819,365 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Sibanye Gold were worth $20,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Sibanye Gold by 22.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after buying an additional 934 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Sibanye Gold by 40.3% during 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 in the last quarter. MAI Capital Management lifted its holdings in shares of 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 period. Ameriprise Financial Inc. lifted its holdings in shares of 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 period. Finally, Fermata Advisors LLC boosted its stake in shares of Sibanye Gold by 11.8% in the 3rd quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock valued at $151,000 after purchasing an additional 1,418 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SBSW shares. Royal Bank Of Canada lowered their target price on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a research note on Friday, January 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. BMO Capital Markets boosted their target price on Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Finally, Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sibanye Gold has an average rating of “Moderate Buy” and an average price target of $19.93.

Insider Activity

In other Sibanye Gold news, Director Thabane Vincent Maphai bought 12,000 shares of the stock in a transaction on 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 acquisition, the director owned 140,178 shares of the company’s stock, valued at approximately $1,869,974.52. The trade was a 9.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Peter Menell bought 2,500 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of $11.43 per share, with a total value of $28,575.00. Following the transaction, the director directly owned 2,500 shares in the company, valued at approximately $28,575. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.05% of the company’s stock.

Sibanye Gold Stock Performance

SBSW stock opened at $11.22 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 twelve month low of $3.18 and a twelve month high of $21.29. The business has a fifty day moving average of $15.75 and a 200-day moving average of $13.39.

Sibanye Gold Dividend Announcement

The company also recently disclosed 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. This represents a yield of 292.0%. The ex-dividend date of this dividend is Friday, March 20th.

About Sibanye Gold

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.