Sibanye Gold Limited Announces Dividend of $0.50 (NYSE:SBSW)

Sibanye Gold Limited (NYSE:SBSW) announced a dividend on Tuesday, September 1st. Shareholders of record on Friday, September 18th will be given a dividend of 0.4985 per share on Tuesday, October 6th. This represents a yield of 795.0%. The ex-dividend date is Friday, September 18th.

Sibanye Gold has decreased its dividend payment by an average of 1.0%per year over the last three years. Sibanye Gold has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings.

Sibanye Gold Price Performance

Sibanye Gold stock traded up $0.85 during mid-day trading on Wednesday, reaching $12.52. 4,645,285 shares of the company traded hands, compared to its average volume of 6,064,908. The firm’s fifty day moving average is $9.69 and its two-hundred day moving average is $11.68. Sibanye Gold has a fifty-two week low of $7.87 and a fifty-two week high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73.

Insiders Place Their Bets

In related news, Director Richard Peter Menell bought 15,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the purchase, the director directly owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Sibanye Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in shares of Sibanye Gold by 113.9% during 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 last quarter. Millennium Management LLC boosted its stake in Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after buying an additional 2,487,648 shares during the period. Goldman Sachs Group Inc. boosted its stake in Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after buying an additional 2,370,443 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sibanye Gold during the first quarter valued at about $55,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Sibanye Gold during the second quarter valued at about $186,000. Institutional investors and hedge funds 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.