TSP Capital Management Group LLC Cuts Holdings in Sibanye Gold Limited $SBSW

TSP Capital Management Group LLC lowered its position in Sibanye Gold Limited (NYSE:SBSW) by 38.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 972,375 shares of the company’s stock after selling 596,150 shares during the quarter. Sibanye Gold accounts for 2.9% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 12th biggest position. TSP Capital Management Group LLC owned 0.14% of Sibanye Gold worth $11,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Sibanye Gold by 113.9% in the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock worth $183,000 after purchasing an additional 21,248 shares during the period. Millennium Management LLC grew its holdings in shares of Sibanye Gold by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after purchasing an additional 2,487,648 shares during the period. Goldman Sachs Group Inc. increased its position in Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after purchasing an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Sibanye Gold during the 1st quarter worth approximately $55,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Sibanye Gold during the 2nd quarter worth approximately $186,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SBSW shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Zacks Research lowered shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.93.

Insider Activity

In related news, Director Richard Peter Menell bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the acquisition, the director owned 25,125 shares in the company, valued at $55,023.75. This represents a 148.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.05% of the company’s stock.

Sibanye Gold Trading Up 0.1%

Shares of SBSW opened at $8.50 on Thursday. The stock’s 50-day moving average is $11.19 and its two-hundred day moving average is $13.67. Sibanye Gold Limited has a 12 month low of $7.09 and a 12 month high of $21.29. 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 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.