Sibanye Gold Limited $SBSW Position Increased by Employees Retirement System of Texas

Employees Retirement System of Texas raised its position in Sibanye Gold Limited (NYSE:SBSW) by 200.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,550 shares of the company’s stock after purchasing an additional 45,768 shares during the quarter. Employees Retirement System of Texas’ holdings in Sibanye Gold were worth $977,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. MAI Capital Management lifted its stake in Sibanye Gold by 87.8% in 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. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Sibanye Gold in the 4th quarter valued at $29,000. Blue Trust Inc. boosted its holdings in Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares in the last quarter. Archer Investment Corp bought a new stake in Sibanye Gold in the third quarter worth $34,000. Finally, PNC Financial Services Group Inc. increased its position in Sibanye Gold by 116.8% during the third 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 during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Stock Down 2.6%

SBSW stock opened at $11.85 on Thursday. The company has a 50-day moving average of $12.43 and a two-hundred day moving average of $14.03. Sibanye Gold Limited has a 52-week low of $5.98 and a 52-week high of $21.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. BMO Capital Markets increased their price objective on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Royal Bank Of Canada reduced their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Finally, Zacks Research cut Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sibanye Gold currently has a consensus rating of “Hold” and an average price target of $19.93.

Insider Activity

In other Sibanye Gold news, Director Richard Peter Menell acquired 2,500 shares of Sibanye Gold stock in a transaction dated Tuesday, March 24th. The stock was bought at an average cost of $11.43 per share, with a total value of $28,575.00. Following the completion of the transaction, the director owned 2,500 shares of the company’s stock, valued at $28,575. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thabane Vincent Maphai acquired 12,000 shares of the stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $13.34 per share, for a total transaction of $160,080.00. Following the purchase, the director owned 140,178 shares of the company’s stock, valued at $1,869,974.52. The trade was a 9.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.05% of the stock is currently owned by insiders.

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.