Mangrove Partners IM LLC Makes New Investment in Sibanye Gold Limited $SBSW

Mangrove Partners IM LLC purchased a new stake in Sibanye Gold Limited (NYSE:SBSW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 102,747 shares of the company’s stock, valued at approximately $1,155,000.

A number of other large investors have also added to or reduced their stakes in the stock. MAI Capital Management increased its stake in Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares during the period. Archer Investment Corp acquired a new stake in shares of Sibanye Gold during the 3rd quarter worth $34,000. PNC Financial Services Group Inc. increased its position 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 purchasing an additional 1,777 shares during the period. State of Wyoming acquired a new position in Sibanye Gold in the third quarter valued at about $39,000. Finally, ORG Partners LLC lifted its position in Sibanye Gold by 178.2% during the third quarter. ORG Partners LLC now owns 3,606 shares of the company’s stock worth $41,000 after purchasing an additional 2,310 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SBSW. Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a research note on Friday, January 23rd. BMO Capital Markets raised their target price on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Royal Bank Of Canada dropped their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.93.

Sibanye Gold Stock Performance

Shares of SBSW stock opened at $12.56 on Friday. Sibanye Gold Limited has a twelve month low of $3.18 and a twelve month high of $21.29. The stock’s fifty day simple moving average is $16.53 and its 200 day simple moving average is $13.14. 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 Dividend Announcement

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

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.