Diversify Wealth Management LLC Buys Shares of 137,929 Sibanye Gold Limited $SBSW

Diversify Wealth Management LLC bought a new position in shares of Sibanye Gold Limited (NYSE:SBSW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 137,929 shares of the company’s stock, valued at approximately $1,443,000.

A number of other large investors also recently modified their holdings of the company. MAI Capital Management grew its position in Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares during the last quarter. Archer Investment Corp acquired a new stake in shares of Sibanye Gold during the third quarter valued at about $34,000. PNC Financial Services Group Inc. boosted its stake in shares of Sibanye Gold by 116.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after purchasing an additional 1,777 shares in the last quarter. State of Wyoming bought a new stake in shares of Sibanye Gold during the third quarter worth about $39,000. Finally, ORG Partners LLC increased its stake in shares of Sibanye Gold by 178.2% in the third quarter. ORG Partners LLC now owns 3,606 shares of the company’s stock valued at $41,000 after buying an additional 2,310 shares during the period. 34.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. HSBC upgraded 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 report on Friday, January 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. 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. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Royal Bank Of Canada cut their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.93.

Sibanye Gold Stock Up 4.2%

SBSW opened at $17.72 on Friday. Sibanye Gold Limited has a 1-year low of $3.05 and a 1-year high of $21.29. The company has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $12.71. The company has a quick ratio of 1.53, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Sibanye Gold Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Stockholders 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 dividend 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.