Sibanye Gold Limited $SBSW Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC lowered its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 12.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 428,656 shares of the company’s stock after selling 62,702 shares during the period. Sibanye Gold accounts for 1.3% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. BCGM Wealth Management LLC owned 0.06% of Sibanye Gold worth $5,281,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of SBSW. AdvisorNet Financial Inc raised its position in shares of Sibanye Gold by 1,462.5% during the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,872 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Sibanye Gold during the 4th quarter valued at about $29,000. Blue Trust Inc. boosted its stake in shares of Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the period. PNC Financial Services Group Inc. boosted its position in Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after buying an additional 1,777 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Gold Stock Down 5.3%

Shares of SBSW stock opened at $8.09 on Friday. Sibanye Gold Limited has a 1 year low of $7.09 and a 1 year high of $21.29. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $10.34 and a 200 day moving average price of $13.21.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. BMO Capital Markets decreased their target price on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Zacks Research cut shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.93.

Insider Activity at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $2.19 per share, with a total value of $32,850.00. Following the purchase, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This trade represents a 148.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.05% of the stock is owned by corporate insiders.

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.