Erste Asset Management GmbH Takes $1.41 Million Position in Sibanye Gold Limited $SBSW

Erste Asset Management GmbH acquired a new stake in Sibanye Gold Limited (NYSE:SBSW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 99,600 shares of the company’s stock, valued at approximately $1,414,000.

Several other hedge funds also recently modified their holdings of SBSW. ABC Arbitrage SA grew its holdings in shares of Sibanye Gold by 260.1% in the 3rd 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 in the last quarter. Millennium Management LLC grew its holdings in shares of Sibanye Gold by 363.7% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Sibanye Gold by 196.6% in the 1st 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 in the last quarter. Wellington Management Group LLP bought a new position in shares of Sibanye Gold in the 3rd quarter valued at about $17,033,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Sibanye Gold by 2,545.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 952,289 shares of the company’s stock valued at $10,704,000 after acquiring an additional 916,298 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard Peter Menell acquired 2,500 shares of Sibanye Gold stock in a transaction dated Tuesday, March 24th. The stock was bought 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 directly owned 2,500 shares in the company, valued at approximately $28,575. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thabane Vincent Maphai acquired 12,000 shares of Sibanye Gold stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $13.34 per share, with a total value of $160,080.00. Following the acquisition, the director owned 140,178 shares of the company’s stock, valued at approximately $1,869,974.52. This trade represents a 9.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.05% of the company’s stock.

Sibanye Gold Trading Down 5.4%

Shares of NYSE:SBSW opened at $9.07 on Thursday. Sibanye Gold Limited has a 12-month low of $6.72 and a 12-month high of $21.29. The business has a 50 day moving average of $12.25 and a 200-day moving average of $14.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

Wall Street Analyst Weigh In

SBSW has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Royal Bank Of Canada reduced their price target on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Finally, Zacks Research cut Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” 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.