Insider Buying: Sibanye Gold (NYSE:SBSW) Director Purchases $28,575.00 in Stock

Sibanye Gold Limited (NYSE:SBSW) Director Richard Peter Menell bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the transaction, the director owned 2,500 shares of the company’s stock, valued at approximately $28,575. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sibanye Gold Stock Up 2.7%

Shares of NYSE:SBSW opened at $11.53 on Friday. 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 Limited has a 1 year low of $3.18 and a 1 year high of $21.29. The business’s 50 day moving average price is $15.64 and its 200-day moving average price is $13.40.

Sibanye Gold Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be paid a dividend of $0.2614 per share. This represents a yield of 292.0%. The ex-dividend date of this dividend is Friday, March 20th.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MAI Capital Management lifted its stake 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 purchasing an additional 1,169 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Sibanye Gold during the 4th quarter worth about $29,000. Blue Trust Inc. raised its holdings in Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after buying an additional 1,002 shares during the period. Archer Investment Corp purchased a new stake in Sibanye Gold in the 3rd quarter valued at about $34,000. Finally, PNC Financial Services Group Inc. lifted its position in Sibanye Gold by 116.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after buying an additional 1,777 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SBSW. BMO Capital Markets increased their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada lowered their price target on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. HSBC raised 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 note on Friday, January 23rd. Finally, Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.93.

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.