Erste Asset Management GmbH Takes Position in Sibanye Gold Limited $SBSW

Erste Asset Management GmbH purchased a new stake in Sibanye Gold Limited (NYSE:SBSW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 99,600 shares of the company’s stock, valued at approximately $1,414,000.

A number of other large investors also recently made changes to their positions in SBSW. AQR Capital Management LLC lifted its stake in shares of Sibanye Gold by 113.9% in the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock valued at $183,000 after purchasing an additional 21,248 shares during the period. Millennium Management LLC lifted its stake in shares of Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after purchasing an additional 2,487,648 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after purchasing an additional 2,370,443 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sibanye Gold in the 1st quarter valued at $55,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Sibanye Gold in the 2nd quarter valued at $186,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

Several analysts recently commented on SBSW shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Royal Bank Of Canada dropped their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Zacks Research downgraded Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.93.

Sibanye Gold Stock Performance

SBSW opened at $9.07 on Thursday. The business’s 50-day moving average price is $12.25 and its two-hundred day moving average price is $14.00. Sibanye Gold Limited has a 1 year low of $6.72 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86.

Sibanye Gold 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.