Quantinno Capital Management LP Has $1.38 Million Position in Sibanye Gold Limited $SBSW

Quantinno Capital Management LP raised its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 113.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,244 shares of the company’s stock after acquiring an additional 59,617 shares during the quarter. Quantinno Capital Management LP’s holdings in Sibanye Gold were worth $1,383,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SBSW. Goehring & Rozencwajg Associates LLC lifted its holdings in Sibanye Gold by 20.6% during 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 last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Sibanye Gold by 84.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 469,948 shares of the company’s stock worth $6,697,000 after buying an additional 215,315 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Sibanye Gold during the fourth quarter worth approximately $1,414,000. GeoSphere Capital Management LLC bought a new position in shares of Sibanye Gold in the fourth quarter valued at approximately $2,850,000. Finally, Panagora Asset Management Inc. raised its stake in shares of Sibanye Gold by 50.7% in the fourth quarter. Panagora Asset Management Inc. now owns 1,527,790 shares of the company’s stock valued at $21,771,000 after acquiring an additional 514,144 shares during the last quarter. Institutional investors own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SBSW. BMO Capital Markets reduced their target price on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Zacks Research downgraded Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Citigroup raised Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective on the stock in a research note on Thursday. Finally, Wall Street Zen cut Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.82.

Insider Buying and Selling at Sibanye Gold

In related news, Director Richard Peter Menell purchased 15,000 shares of the stock in a transaction that occurred on 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 acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Sibanye Gold Price Performance

Shares of NYSE SBSW opened at $10.47 on Friday. Sibanye Gold Limited has a 1-year low of $7.09 and a 1-year high of $21.29. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $9.17 and a two-hundred day moving average of $12.23.

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.