ABC Arbitrage SA Sells 2,283,786 Shares of Sibanye Gold Limited $SBSW

ABC Arbitrage SA reduced its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 56.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,749,026 shares of the company’s stock after selling 2,283,786 shares during the period. Sibanye Gold accounts for about 2.3% of ABC Arbitrage SA’s portfolio, making the stock its 13th largest position. ABC Arbitrage SA’s holdings in Sibanye Gold were worth $24,924,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its position 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 acquiring an additional 1,000 shares during the period. Blue Trust Inc. boosted its position in 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 buying an additional 1,002 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in Sibanye Gold by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 25,438 shares of the company’s stock worth $362,000 after buying an additional 1,019 shares during the last quarter. MAI Capital Management increased its holdings in Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Sibanye Gold by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock worth $192,000 after purchasing an additional 1,178 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

Sibanye Gold Stock Performance

NYSE SBSW opened at $13.83 on Tuesday. Sibanye Gold Limited has a one year low of $4.52 and a one 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’s 50-day moving average is $13.01 and its 200-day moving average is $13.89.

Sibanye Gold Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th were issued a dividend of $0.2614 per share. This represents a yield of 292.0%. The ex-dividend date was Friday, March 20th.

Analysts Set New Price Targets

A number of research firms recently issued reports on SBSW. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. BMO Capital Markets raised their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Royal Bank Of Canada dropped 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 report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sibanye Gold currently has an average rating of “Hold” and a consensus target price of $19.93.

Insider Buying and Selling

In related news, Director Thabane Vincent Maphai acquired 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $13.34 per share, with a total value of $160,080.00. Following the transaction, the director owned 140,178 shares of the company’s stock, valued at $1,869,974.52. The trade was a 9.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Peter Menell bought 2,500 shares of Sibanye Gold stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average cost of $11.43 per share, with a total value of $28,575.00. Following the completion of the purchase, the director owned 2,500 shares in the company, valued at approximately $28,575. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.05% of the company’s stock.

Sibanye Gold Company 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.