Richard Peter Menell Acquires 15,000 Shares of Sibanye Gold (NYSE:SBSW) Stock

Sibanye Gold Limited (NYSE:SBSW) Director Richard Peter Menell purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares in the company, valued at $55,023.75. The trade was a 148.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sibanye Gold Price Performance

SBSW stock opened at $8.94 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $11.12 and a 200 day simple moving average of $13.64. Sibanye Gold Limited has a 1 year low of $7.09 and a 1 year high of $21.29.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SBSW. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Zacks Research lowered Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.93.

Institutional Investors Weigh In On Sibanye Gold

Hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. increased its position in shares of Sibanye Gold by 4.8% during the fourth quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock worth $203,000 after acquiring an additional 650 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Sibanye Gold by 6.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock valued at $151,000 after acquiring an additional 656 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Sibanye Gold by 40.3% during the 3rd 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 during the last quarter. Blue Trust Inc. boosted its stake in Sibanye Gold by 84.1% during the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Sibanye Gold by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 25,438 shares of the company’s stock worth $362,000 after purchasing an additional 1,019 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.