BNP Paribas Financial Markets Acquires 503,180 Shares of Sibanye Gold Limited $SBSW

BNP Paribas Financial Markets grew its position in shares of Sibanye Gold Limited (NYSE:SBSW) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,255,549 shares of the company’s stock after acquiring an additional 503,180 shares during the quarter. BNP Paribas Financial Markets’ holdings in Sibanye Gold were worth $32,142,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SBSW. Arrowstreet Capital Limited Partnership increased its position in Sibanye Gold by 15.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company’s stock valued at $45,353,000 after acquiring an additional 539,447 shares during the last quarter. ABC Arbitrage SA increased its position in shares of Sibanye Gold by 260.1% during the third quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock worth $45,329,000 after acquiring an additional 2,912,995 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after purchasing an additional 2,370,443 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its position in Sibanye Gold by 0.3% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 3,360,030 shares of the company’s stock valued at $37,767,000 after purchasing an additional 11,189 shares during the period. Finally, Millennium Management LLC grew its stake in Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after acquiring an additional 2,487,648 shares during the period. Institutional investors own 34.93% of the company’s stock.

Insider Activity at Sibanye Gold

In other news, Director Thabane Vincent Maphai purchased 12,000 shares of Sibanye Gold stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average price of $13.34 per share, for a total transaction of $160,080.00. Following the transaction, the director owned 140,178 shares in the company, valued at $1,869,974.52. The trade was a 9.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Peter Menell bought 2,500 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of $11.43 per share, with a total value of $28,575.00. Following the transaction, the director owned 2,500 shares in the company, valued at approximately $28,575. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on SBSW shares. Zacks Research lowered Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Royal Bank Of Canada decreased their target price on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. 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. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.93.

Sibanye Gold Stock Performance

Shares of NYSE:SBSW opened at $11.15 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 52 week low of $6.49 and a 52 week high of $21.29. The firm has a 50 day simple moving average of $12.40 and a 200 day simple moving average of $14.04.

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.