Panagora Asset Management Inc. Grows Stake in Sibanye Gold Limited $SBSW

Panagora Asset Management Inc. boosted its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 50.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,527,790 shares of the company’s stock after acquiring an additional 514,144 shares during the quarter. Panagora Asset Management Inc.’s holdings in Sibanye Gold were worth $21,771,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SBSW. MAI Capital Management grew 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 valued at $28,000 after acquiring an additional 1,169 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sibanye Gold during the 4th quarter valued at about $29,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 1,002 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Sibanye Gold by 116.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after acquiring an additional 1,777 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Stock Up 8.6%

NYSE:SBSW opened at $10.71 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average is $12.11 and its two-hundred day moving average is $13.96. Sibanye Gold Limited has a 1-year low of $6.72 and a 1-year high of $21.29.

Insiders Place Their Bets

In related news, Director Richard Peter Menell acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the acquisition, the director owned 2,500 shares in the company, valued at $28,575. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

SBSW has been the subject of several research reports. Royal Bank Of Canada dropped their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Finally, Zacks Research cut shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sibanye Gold presently has an average rating of “Hold” and an average 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.