Quantinno Capital Management LP Has $1.38 Million Stock Position in Sibanye Gold Limited $SBSW

Quantinno Capital Management LP increased its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 113.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,244 shares of the company’s stock after acquiring an additional 59,617 shares during the quarter. Quantinno Capital Management LP’s holdings in Sibanye Gold were worth $1,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AdvisorNet Financial Inc boosted its holdings in Sibanye Gold by 1,462.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,872 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Sibanye Gold by 116.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after purchasing an additional 1,777 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of Sibanye Gold during the third quarter valued at about $43,000. Finally, US Bancorp DE lifted its stake in shares of Sibanye Gold by 2,664.2% in the third quarter. US Bancorp DE now owns 4,091 shares of the company’s stock valued at $46,000 after buying an additional 3,943 shares during the period. Institutional investors own 34.93% of the company’s stock.

Insider Transactions at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell purchased 15,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the purchase, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $10.47 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 firm’s 50-day simple moving average is $9.17 and its 200-day simple moving average is $12.23. Sibanye Gold Limited has a twelve month low of $7.09 and a twelve month high of $21.29.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SBSW. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. BMO Capital Markets reduced their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, July 14th. Wall Street Zen lowered Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Citigroup raised Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective on the stock in a report on Thursday. Finally, Zacks Research cut Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Three 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 currently has a consensus rating of “Hold” and an average price target of $16.82.

Sibanye Gold 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.