Pictet Asset Management Holding SA Sells 438,083 Shares of Sibanye Gold Limited $SBSW

Pictet Asset Management Holding SA lessened its holdings in Sibanye Gold Limited (NYSE:SBSW) by 50.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 438,083 shares of the company’s stock after selling 438,083 shares during the period. Pictet Asset Management Holding SA’s holdings in Sibanye Gold were worth $6,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its position in Sibanye Gold by 15.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company’s stock valued at $45,353,000 after acquiring an additional 539,447 shares during the last quarter. ABC Arbitrage SA grew its position in Sibanye Gold by 260.1% in the third quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock valued at $45,329,000 after acquiring an additional 2,912,995 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Sibanye Gold by 196.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after acquiring an additional 2,370,443 shares during the last quarter. Goehring & Rozencwajg Associates LLC grew its position in Sibanye Gold by 0.3% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 3,360,030 shares of the company’s stock valued at $37,767,000 after acquiring an additional 11,189 shares during the last quarter. Finally, Millennium Management LLC grew its position in Sibanye Gold by 363.7% in the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after acquiring an additional 2,487,648 shares during the last quarter. Institutional investors own 34.93% of the company’s stock.

Insider Activity

In other news, Director Thabane Vincent Maphai purchased 12,000 shares of Sibanye Gold stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $13.34 per share, for a total transaction of $160,080.00. Following the completion of the acquisition, the director owned 140,178 shares in the company, valued at approximately $1,869,974.52. This trade represents a 9.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Peter Menell purchased 2,500 shares of Sibanye Gold stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the acquisition, the director owned 2,500 shares of the company’s stock, valued at approximately $28,575. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

SBSW has been the topic of a number of recent analyst reports. Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. 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 report on Friday, January 23rd. Royal Bank Of Canada decreased their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Zacks Research cut Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.93.

Sibanye Gold Price Performance

NYSE:SBSW opened at $12.05 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The stock’s 50-day moving average is $13.34 and its 200-day moving average is $13.84. Sibanye Gold Limited has a 1-year low of $4.52 and a 1-year high of $21.29.

Sibanye Gold Dividend Announcement

The company also recently declared an annual dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th were issued a dividend of $0.2614 per share. This represents a dividend yield of 292.0%. The ex-dividend date was Friday, March 20th.

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.