Sibanye Gold Limited $SBSW Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Sibanye Gold Limited (NYSE:SBSW) by 741.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,358 shares of the company’s stock after buying an additional 190,654 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Sibanye Gold were worth $2,432,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after acquiring an additional 6,385,932 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Sibanye Gold by 1,136.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock valued at $25,238,000 after purchasing an additional 3,212,833 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Sibanye Gold by 2,449.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,246,397 shares of the company’s stock valued at $36,490,000 after purchasing an additional 3,119,075 shares in the last quarter. Millennium Management LLC boosted its stake in Sibanye Gold by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after purchasing an additional 2,487,648 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Sibanye Gold during the second quarter worth $17,366,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SBSW has been the topic of several research reports. BMO Capital Markets raised their price target on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. 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. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One equities research 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.93.

Sibanye Gold Stock Performance

Shares of SBSW stock opened at $17.00 on Friday. The firm has a 50 day moving average of $16.54 and a two-hundred day moving average of $12.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 1.53. Sibanye Gold Limited has a 52 week low of $3.05 and a 52 week high of $21.29.

Sibanye Gold Dividend Announcement

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

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.