Diversify Advisory Services LLC Purchases New Stake in Sibanye Gold Limited $SBSW

Diversify Advisory Services LLC purchased a new position in shares of Sibanye Gold Limited (NYSE:SBSW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 49,830 shares of the company’s stock, valued at approximately $521,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Sibanye Gold by 22.2% in the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after purchasing an additional 934 shares during the period. MAI Capital Management lifted its stake in Sibanye Gold by 87.8% in the third 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. Fermata Advisors LLC lifted its position in shares of Sibanye Gold by 11.8% during the 3rd quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock worth $151,000 after purchasing an additional 1,418 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Sibanye Gold by 7.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 24,419 shares of the company’s stock worth $274,000 after acquiring an additional 1,729 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Sibanye Gold by 116.8% in 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 during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Trading Down 1.9%

SBSW stock opened at $13.64 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The stock’s fifty day simple moving average is $16.57 and its 200-day simple moving average is $13.11. Sibanye Gold Limited has a 52-week low of $3.18 and a 52-week high of $21.29.

Sibanye Gold Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on SBSW. Weiss Ratings reaffirmed 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. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a research note on Friday, January 23rd. BMO Capital Markets boosted their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. 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 issued a Sell rating to the company. According to data from MarketBeat, Sibanye Gold presently has an average rating of “Moderate Buy” and a consensus target price 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.