Dorsey Wright & Associates Acquires 70,082 Shares of Sibanye Gold Limited $SBSW

Dorsey Wright & Associates boosted its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 39.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,365 shares of the company’s stock after purchasing an additional 70,082 shares during the quarter. Dorsey Wright & Associates’ holdings in Sibanye Gold were worth $3,035,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Sibanye Gold by 20.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock valued at $52,607,000 after acquiring an additional 730,389 shares during the period. Sigma Planning Corp boosted its position in Sibanye Gold by 11.6% in the 1st quarter. Sigma Planning Corp now owns 27,651 shares of the company’s stock valued at $344,000 after buying an additional 2,877 shares during the last quarter. Arlington Capital Management Inc. boosted its holdings in Sibanye Gold by 15.6% in the first quarter. Arlington Capital Management Inc. now owns 318,285 shares of the company’s stock valued at $3,921,000 after acquiring an additional 42,899 shares during the last quarter. Diversify Wealth Management LLC grew its position in shares of Sibanye Gold by 37.7% during the 1st quarter. Diversify Wealth Management LLC now owns 205,525 shares of the company’s stock worth $2,357,000 after buying an additional 56,311 shares during the period. Finally, Quantum Portfolio Management LLC bought a new stake in shares of Sibanye Gold during the 1st quarter valued at $206,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Insider Activity at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell bought 15,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the purchase, the director owned 25,125 shares in the company, valued at $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SBSW. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research lowered Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Finally, BMO Capital Markets cut their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.93.

Sibanye Gold Trading Down 1.4%

Shares of NYSE:SBSW opened at $8.01 on Friday. The company’s 50 day moving average price is $10.23 and its two-hundred day moving average price is $13.18. Sibanye Gold Limited has a 12-month low of $7.09 and a 12-month high of $21.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

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.