Aquatic Capital Management LLC Acquires 554,249 Shares of Sibanye Gold Limited $SBSW

Aquatic Capital Management LLC grew its holdings in shares of Sibanye Gold Limited (NYSE:SBSW) by 109.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,060,537 shares of the company’s stock after buying an additional 554,249 shares during the quarter. Aquatic Capital Management LLC owned 0.15% of Sibanye Gold worth $11,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MAI Capital Management lifted its position in Sibanye Gold by 87.8% in the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after acquiring an additional 1,169 shares in the last quarter. Archer Investment Corp bought a new stake in Sibanye Gold during the 3rd quarter worth approximately $34,000. PNC Financial Services Group Inc. raised its stake in shares of Sibanye Gold by 116.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after purchasing an additional 1,777 shares during the last quarter. State of Wyoming purchased a new stake in shares of Sibanye Gold in the third quarter worth approximately $39,000. Finally, ORG Partners LLC lifted its holdings 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 purchasing an additional 2,310 shares in the last quarter. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $12.56 on Monday. The business’s fifty day simple moving average is $16.53 and its 200 day simple moving average is $13.21. Sibanye Gold Limited has a 12 month low of $3.18 and a 12 month high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73.

Sibanye Gold Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on SBSW shares. HSBC raised 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. Royal Bank Of Canada dropped their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, BMO Capital Markets increased their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sibanye Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.93.

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.