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

Arrowstreet Capital Limited Partnership lifted its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 81.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,315,944 shares of the company’s stock after acquiring an additional 3,280,972 shares during the period. Arrowstreet Capital Limited Partnership owned 1.03% of Sibanye Gold worth $104,252,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Sibanye Gold in the 4th quarter worth about $29,000. Blue Trust Inc. boosted its stake in Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares during the last quarter. MAI Capital Management boosted its stake in Sibanye Gold by 87.8% in the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after buying an additional 1,169 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake 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 worth $37,000 after buying an additional 1,777 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Sibanye Gold by 40.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SBSW. Zacks Research lowered Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada cut their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.93.

Sibanye Gold Stock Up 8.6%

Shares of NYSE:SBSW opened at $10.71 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. Sibanye Gold Limited has a one year low of $6.72 and a one year high of $21.29. The business’s 50-day simple moving average is $12.11 and its 200 day simple moving average is $13.96.

Insider Activity at Sibanye Gold

In related news, Director Richard Peter Menell bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the acquisition, the director owned 2,500 shares in the company, valued at $28,575. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

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.