280,317 Shares in Sibanye Gold Limited $SBSW Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new stake in Sibanye Gold Limited (NYSE:SBSW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 280,317 shares of the company’s stock, valued at approximately $3,151,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SBSW. MAI Capital Management lifted its position in Sibanye Gold by 87.8% during the third 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 during the last quarter. Archer Investment Corp bought a new position in Sibanye Gold in the third quarter valued at $34,000. PNC Financial Services Group Inc. raised its position in Sibanye Gold by 116.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after purchasing an additional 1,777 shares in the last quarter. State of Wyoming purchased a new stake in Sibanye Gold during the third quarter valued at about $39,000. Finally, ORG Partners LLC boosted its holdings in shares of Sibanye Gold by 178.2% in the 3rd quarter. ORG Partners LLC now owns 3,606 shares of the company’s stock worth $41,000 after purchasing an additional 2,310 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SBSW shares. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. BMO Capital Markets upped 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. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a research report on Friday, January 23rd. Royal Bank Of Canada reduced their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Finally, Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sibanye Gold presently has an average rating of “Moderate Buy” and an average price target of $19.93.

Sibanye Gold Trading Up 1.4%

SBSW stock opened at $17.00 on Friday. The firm’s 50-day moving average price is $16.54 and its two-hundred day moving average price is $12.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.53 and a current ratio of 1.78. Sibanye Gold Limited has a 12-month low of $3.05 and a 12-month high of $21.29.

Sibanye Gold Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 20th will be issued a dividend of $0.2614 per share. This represents a yield of 164.0%. The ex-dividend date is Friday, March 20th.

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.