Insider Buying: Sibanye Gold (NYSE:SBSW) Director Buys $32,850.00 in Stock

Sibanye Gold Limited (NYSE:SBSW) Director Richard Peter Menell bought 15,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the purchase, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This trade represents a 148.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sibanye Gold Price Performance

SBSW opened at $8.94 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. The firm has a 50 day moving average price of $11.04 and a 200-day moving average price of $13.61. Sibanye Gold Limited has a twelve month low of $7.09 and a twelve month high of $21.29.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Sibanye Gold

A number of hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its position in Sibanye Gold by 113.9% during the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock valued at $183,000 after purchasing an additional 21,248 shares during the period. Millennium Management LLC boosted 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 worth $14,526,000 after purchasing an additional 2,487,648 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of 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 during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Sibanye Gold during the 1st quarter worth about $55,000. Finally, Envestnet Asset Management Inc. bought a new position in Sibanye Gold during the 2nd quarter valued at about $186,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.