Thabane Vincent Maphai Purchases 12,000 Shares of Sibanye Gold (NYSE:SBSW) Stock

Sibanye Gold Limited (NYSE:SBSW) Director Thabane Vincent Maphai acquired 12,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $13.34 per share, with a total value of $160,080.00. Following the transaction, the director owned 140,178 shares in the company, valued at approximately $1,869,974.52. The trade was a 9.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sibanye Gold Price Performance

SBSW stock traded down $1.16 during trading on Thursday, hitting $11.34. The company had a trading volume of 9,913,526 shares, compared to its average volume of 7,865,018. 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 Limited has a 12 month low of $3.18 and a 12 month high of $21.29. The firm has a 50-day moving average price of $16.37 and a 200-day moving average price of $13.29.

Sibanye Gold Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, March 20th. This represents a yield of 164.0%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SBSW. BMO Capital Markets boosted their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a research note on Friday, January 23rd. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sibanye Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.93.

Institutional Trading of Sibanye Gold

A number of large investors have recently bought and sold shares of SBSW. MAI Capital Management increased its position in 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 buying an additional 1,169 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Sibanye Gold in the 4th quarter worth approximately $29,000. Blue Trust Inc. increased its position in shares of Sibanye Gold by 84.1% during the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the last quarter. Archer Investment Corp purchased a new stake in Sibanye Gold during the third quarter worth about $34,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Sibanye Gold by 116.8% in 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. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.