Gordian Capital Singapore Pte Ltd Acquires New Position in Sibanye Gold Limited $SBSW

Gordian Capital Singapore Pte Ltd bought a new position in Sibanye Gold Limited (NYSE:SBSW) in the third quarter, Holdings Channel reports. The firm bought 140,000 shares of the company’s stock, valued at approximately $1,574,000. Sibanye Gold accounts for approximately 2.1% of Gordian Capital Singapore Pte Ltd’s investment portfolio, making the stock its 16th largest position.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Sibanye Gold by 22.2% in the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after buying an additional 934 shares during the last quarter. MAI Capital Management boosted its holdings in shares of Sibanye Gold by 87.8% in the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after acquiring an additional 1,169 shares during the last quarter. Fermata Advisors LLC increased its stake in shares of Sibanye Gold by 11.8% in the third quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock worth $151,000 after acquiring an additional 1,418 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Sibanye Gold by 7.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 24,419 shares of the company’s stock worth $274,000 after purchasing an additional 1,729 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted 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 during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Trading Down 0.0%

Shares of NYSE SBSW opened at $14.39 on Wednesday. Sibanye Gold Limited has a 12-month low of $3.18 and a 12-month high of $21.29. The company has a 50-day moving average of $16.59 and a 200 day moving average of $13.10. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Sibanye Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BMO Capital Markets increased their price target on Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a research note on Friday, January 23rd. Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sibanye Gold has a consensus rating of “Moderate Buy” and an average price target of $19.93.

Sibanye Gold Company 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.