Key Points
- Director purchase: Sibanye Gold Director Richard Peter Menell bought 2,500 shares on March 24 at an average price of $11.43, a $28,575 transaction disclosed in an SEC Form 4.
- Dividend announced: The company declared an annual dividend of $0.2614 per share payable April 2 to holders of record March 20, cited as an implied yield of 292.0% in the filing.
- Institutional and analyst positioning: About 34.93% of the stock is held by institutions with large recent increases from funds like Arrowstreet and JPMorgan, and MarketBeat shows a consensus rating of "Moderate Buy" with a $19.93 price target.
Sibanye Gold Limited (NYSE:SBSW - Get Free Report) Director Richard Peter Menell acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the purchase, the director owned 2,500 shares in the company, valued at $28,575. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Sibanye Gold Price Performance
NYSE:SBSW opened at $11.77 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The firm has a 50-day moving average price of $15.87 and a two-hundred day moving average price of $13.40. Sibanye Gold Limited has a twelve month low of $3.18 and a twelve month high of $21.29.
Sibanye Gold Dividend Announcement
The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th will be paid a dividend of $0.2614 per share. This represents a dividend yield of 292.0%. The ex-dividend date of this dividend is Friday, March 20th.
Institutional Trading of Sibanye Gold
Hedge funds and other institutional investors have recently bought and sold shares of the company. Foster Group Inc. acquired a new stake in shares of Sibanye Gold during the third quarter worth $1,424,000. Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 3,212,833 shares during the period. JPMorgan Chase & Co. increased its stake in Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company's stock valued at $46,246,000 after purchasing an additional 6,385,932 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Sibanye Gold by 3,802.4% during the third 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 during the period. Finally, Hohimer Wealth Management LLC purchased a new position in Sibanye Gold during the third quarter worth about $3,151,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on SBSW. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sibanye Gold in a report on Thursday, January 22nd. Wall Street Zen cut Sibanye Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 14th. BMO Capital Markets upped their price objective on Sibanye Gold from $14.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, February 3rd. Zacks Research upgraded Sibanye Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 1st. Finally, HSBC raised shares of Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 target price for the company in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sibanye Gold has an average rating of "Moderate Buy" and a consensus price target of $19.93.
Read Our Latest Research Report on Sibanye Gold
About Sibanye Gold
(
Get Free Report)
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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