Key Points
- Director Thabane Vincent Maphai purchased 12,000 shares on March 16 at an average price of $13.34 for a total of $160,080, raising his stake to 140,178 shares (a 9.36% increase).
- Sibanye declared an annual dividend of $0.2614 payable April 2 to shareholders of record on March 20 (ex-dividend date March 20), which MarketBeat reports as a 283.0% yield.
- Analyst coverage is mixed but tilted positive, with a consensus "Moderate Buy" rating and an average price target of $19.93 after several firms adjusted their ratings and targets.
Sibanye Gold Limited (NYSE:SBSW - Get Free Report) Director Thabane Vincent Maphai purchased 12,000 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average price 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 $1,869,974.52. The trade was a 9.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sibanye Gold Trading Down 1.7%
SBSW opened at $11.44 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. Sibanye Gold Limited has a 52 week low of $3.18 and a 52 week high of $21.29. The business's 50 day moving average is $16.30 and its two-hundred day moving average is $13.28.
Sibanye Gold Dividend Announcement
The firm also recently declared an annual dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 20th will be given a $0.2614 dividend. The ex-dividend date is Friday, March 20th. This represents a yield of 283.0%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in SBSW. Foster Group Inc. acquired a new position in Sibanye Gold during the third quarter worth $1,424,000. Arrowstreet Capital Limited Partnership increased its position in shares of Sibanye Gold by 1,136.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company's stock valued at $25,238,000 after buying an additional 3,212,833 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sibanye Gold by 32,992.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company's stock worth $46,246,000 after buying an additional 6,385,932 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Sibanye Gold by 3,802.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company's stock worth $2,862,000 after buying an additional 248,108 shares in the last quarter. Finally, Hohimer Wealth Management LLC acquired a new stake in Sibanye Gold in the 3rd quarter valued at about $3,151,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have issued reports on SBSW shares. BMO Capital Markets raised their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 3rd. 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 note on Thursday, February 19th. Zacks Research raised Sibanye Gold from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sibanye Gold has an average rating of "Moderate Buy" and an average target price of $19.93.
Get Our Latest Report on SBSW
About Sibanye Gold
(
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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.
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