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

TSP Capital Management Group LLC trimmed its holdings in Sibanye Gold Limited (NYSE:SBSW) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,568,525 shares of the company’s stock after selling 251,100 shares during the period. Sibanye Gold comprises about 5.5% of TSP Capital Management Group LLC’s holdings, making the stock its 5th largest position. TSP Capital Management Group LLC’s holdings in Sibanye Gold were worth $22,351,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Foster Group Inc. bought a new position in shares of Sibanye Gold in the third quarter valued at $1,424,000. Hohimer Wealth Management LLC bought a new position in shares of Sibanye Gold in the third quarter valued at $3,151,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Sibanye Gold by 3,802.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock valued at $2,862,000 after buying an additional 248,108 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Sibanye Gold by 741.7% in the third quarter. Envestnet Asset Management Inc. now owns 216,358 shares of the company’s stock valued at $2,432,000 after buying an additional 190,654 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in shares of Sibanye Gold in the third quarter valued at $1,909,000. 34.93% of the stock is owned by institutional investors.

Insider Transactions at Sibanye Gold

In related news, Director Richard Peter Menell acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired 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 owned 2,500 shares of the company’s stock, valued at approximately $28,575. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thabane Vincent Maphai acquired 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of $13.34 per share, with a total value of $160,080.00. Following the acquisition, the director directly owned 140,178 shares of the company’s stock, valued at $1,869,974.52. The trade was a 9.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.05% of the stock is owned by company insiders.

Sibanye Gold Stock Down 0.9%

SBSW opened at $12.36 on Wednesday. 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 company’s 50-day moving average is $14.79 and its 200 day moving average is $13.64. Sibanye Gold Limited has a fifty-two week low of $3.18 and a fifty-two week high of $21.29.

Sibanye Gold Dividend Announcement

The company also recently declared an annual dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 20th were given a dividend of $0.2614 per share. This represents a dividend yield of 292.0%. The ex-dividend date of this dividend was Friday, March 20th.

Analyst Ratings Changes

A number of research firms have weighed in on SBSW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a research report on Friday, January 23rd. Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, BMO Capital Markets raised their price target on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.93.

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.