Dorsey Wright & Associates Acquires 70,082 Shares of Sibanye Gold Limited $SBSW

Dorsey Wright & Associates increased its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 39.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,365 shares of the company’s stock after acquiring an additional 70,082 shares during the quarter. Dorsey Wright & Associates’ holdings in Sibanye Gold were worth $3,035,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC grew its position in Sibanye Gold by 20.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock valued at $52,607,000 after purchasing an additional 730,389 shares during the period. Sigma Planning Corp lifted its holdings in Sibanye Gold by 11.6% during the first quarter. Sigma Planning Corp now owns 27,651 shares of the company’s stock worth $344,000 after acquiring an additional 2,877 shares during the period. Arlington Capital Management Inc. raised its stake in shares of Sibanye Gold by 15.6% during the 1st quarter. Arlington Capital Management Inc. now owns 318,285 shares of the company’s stock worth $3,921,000 after purchasing an additional 42,899 shares during the period. Diversify Wealth Management LLC raised its position in Sibanye Gold by 37.7% in the first quarter. Diversify Wealth Management LLC now owns 205,525 shares of the company’s stock worth $2,357,000 after acquiring an additional 56,311 shares during the period. Finally, Quantum Portfolio Management LLC bought a new stake in shares of Sibanye Gold in the 1st quarter worth approximately $206,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Insider Activity at Sibanye Gold

In other news, Director Richard Peter Menell bought 15,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the acquisition, the director owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. This represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Sibanye Gold Trading Down 1.4%

SBSW stock opened at $8.01 on Friday. The business’s 50 day moving average price is $10.23 and its two-hundred day moving average price is $13.18. Sibanye Gold Limited has a fifty-two week low of $7.09 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SBSW shares. Wall Street Zen downgraded shares of Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Zacks Research lowered shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets reduced their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.93.

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.