Sibanye Gold Limited $SBSW Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Sibanye Gold Limited (NYSE:SBSW) by 21.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,903,127 shares of the company’s stock after buying an additional 1,587,183 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Sibanye Gold were worth $109,687,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in Sibanye Gold by 1,462.5% in 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. bought a new stake in Sibanye Gold during the 4th quarter worth approximately $29,000. Blue Trust Inc. boosted its position in Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after buying an additional 1,002 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Sibanye Gold by 116.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after acquiring an additional 1,777 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Sibanye Gold by 40.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Trading Down 0.5%

NYSE:SBSW opened at $8.38 on Friday. 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 Limited has a 52-week low of $7.09 and a 52-week high of $21.29. The stock has a fifty day moving average of $9.75 and a 200 day moving average of $12.97.

Insider Transactions at Sibanye Gold

In related news, Director Richard Peter Menell purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the purchase, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SBSW shares. Wall Street Zen lowered shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. BMO Capital Markets decreased their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, July 14th. Finally, Zacks Research cut Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Sibanye Gold presently has a consensus rating of “Hold” and a consensus target price of $17.93.

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.