169,876 Shares in Sibanye Gold Limited $SBSW Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates purchased a new stake in Sibanye Gold Limited (NYSE:SBSW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 169,876 shares of the company’s stock, valued at approximately $1,909,000.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of Sibanye Gold by 152.7% during the 3rd quarter. NewEdge Advisors LLC now owns 27,795 shares of the company’s stock worth $312,000 after purchasing an additional 16,795 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Sibanye Gold in the third quarter valued at $230,000. United Capital Financial Advisors LLC lifted its position in Sibanye Gold by 6.9% in the third quarter. United Capital Financial Advisors LLC now owns 44,078 shares of the company’s stock worth $495,000 after purchasing an additional 2,847 shares during the period. Voleon Capital Management LP bought a new position in Sibanye Gold in the third quarter worth $6,152,000. Finally, SIH Partners LLLP acquired a new stake in Sibanye Gold during the third quarter worth $460,000. Institutional investors own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of NYSE SBSW opened at $13.36 on Wednesday. Sibanye Gold Limited has a 52-week low of $3.18 and a 52-week high of $21.29. 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 business has a fifty day moving average of $16.44 and a two-hundred day moving average of $13.29.

Sibanye Gold Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 20th will be issued a dividend of $0.2614 per share. This represents a yield of 164.0%. The ex-dividend date of this dividend is Friday, March 20th.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a research note on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.