Sibanye Gold Limited (SBSW) To Go Ex-Dividend on September 18th

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

Sibanye Gold has decreased its dividend by an average of 1.0%annually over the last three years. Sibanye Gold has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings.

Sibanye Gold Trading Up 7.7%

SBSW stock opened at $12.55 on Thursday. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $9.77 and a two-hundred day simple moving average of $11.65. Sibanye Gold has a 52-week low of $7.87 and a 52-week high of $21.29.

Insider Transactions at Sibanye Gold

In related news, Director Richard Peter Menell bought 15,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the purchase, the director directly owned 25,125 shares in the company, valued at $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

A number of large investors have recently made changes to their positions in SBSW. Moors & Cabot Inc. lifted its stake in Sibanye Gold by 4.8% in the 4th quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock worth $203,000 after purchasing an additional 650 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Sibanye Gold by 6.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock worth $151,000 after acquiring an additional 656 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sibanye Gold by 40.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Sibanye Gold by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock valued at $192,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Fermata Advisors LLC grew its holdings in shares of Sibanye Gold by 12.4% during the second quarter. Fermata Advisors LLC now owns 11,313 shares of the company’s stock worth $96,000 after purchasing an additional 1,250 shares in the last quarter. 34.93% of the stock is owned by institutional investors.

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.