Sibanye Gold Limited $SBSW Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC cut its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,656 shares of the company’s stock after selling 62,702 shares during the quarter. Sibanye Gold comprises approximately 1.3% of BCGM Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. BCGM Wealth Management LLC’s holdings in Sibanye Gold were worth $5,281,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings in Sibanye Gold by 1,462.5% in the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,872 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Sibanye Gold during the fourth quarter valued at approximately $29,000. Blue Trust Inc. increased 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 worth $31,000 after buying an additional 1,002 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Sibanye Gold by 116.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after acquiring an additional 1,777 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Sibanye Gold by 40.3% in 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 in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Insider Activity at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the acquisition, the director owned 25,125 shares in the company, valued at approximately $55,023.75. This represents a 148.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Sibanye Gold Stock Down 5.3%

Sibanye Gold stock opened at $8.09 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. The firm has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $13.21. Sibanye Gold Limited has a 52-week low of $7.09 and a 52-week high of $21.29.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SBSW shares. Zacks Research lowered shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. BMO Capital Markets cut their price target on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday. Finally, Wall Street Zen downgraded Sibanye Gold from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Sibanye Gold has a consensus rating of “Hold” and an average price target of $17.93.

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.