Employees Retirement System of Texas Has $977,000 Stock Holdings in Sibanye Gold Limited $SBSW

Employees Retirement System of Texas boosted its position in shares of Sibanye Gold Limited (NYSE:SBSW) by 200.9% during the 4th quarter, HoldingsChannel reports. The fund owned 68,550 shares of the company’s stock after buying an additional 45,768 shares during the quarter. Employees Retirement System of Texas’ holdings in Sibanye Gold were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Sibanye Gold by 15.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company’s stock valued at $45,353,000 after purchasing an additional 539,447 shares in the last quarter. ABC Arbitrage SA raised its stake in shares of Sibanye Gold by 260.1% in the 3rd quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock valued at $45,329,000 after buying an additional 2,912,995 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after acquiring an additional 2,370,443 shares during the period. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Sibanye Gold by 0.3% during the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 3,360,030 shares of the company’s stock worth $37,767,000 after acquiring an additional 11,189 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Sibanye Gold by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after acquiring an additional 2,487,648 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Sibanye Gold Trading Down 2.6%

SBSW opened at $11.85 on Thursday. 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 firm’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $14.03. Sibanye Gold Limited has a twelve month low of $5.98 and a twelve month high of $21.29.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research cut shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Royal Bank Of Canada dropped their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Finally, BMO Capital Markets raised their target price on Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.93.

Insider Transactions at Sibanye Gold

In other news, Director Richard Peter Menell bought 2,500 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the purchase, the director owned 2,500 shares of the company’s stock, valued at approximately $28,575. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thabane Vincent Maphai bought 12,000 shares of Sibanye Gold stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of $13.34 per share, for a total transaction of $160,080.00. Following the completion of the acquisition, the director directly owned 140,178 shares in the company, valued at $1,869,974.52. This represents a 9.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.05% of the stock is owned by insiders.

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.