Arlington Capital Management Inc. Makes New Investment in Sibanye Gold Limited $SBSW

Arlington Capital Management Inc. bought a new stake in shares of Sibanye Gold Limited (NYSE:SBSW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 275,386 shares of the company’s stock, valued at approximately $3,924,000. Sibanye Gold makes up about 2.4% of Arlington Capital Management Inc.’s investment portfolio, making the stock its 14th biggest position.

Several other large investors have also recently made changes to their positions in the company. Confluence Investment Management LLC purchased a new stake in Sibanye Gold during the fourth quarter worth $709,000. GAMMA Investing LLC increased its holdings in Sibanye Gold by 40.2% in the fourth quarter. GAMMA Investing LLC now owns 7,214 shares of the company’s stock valued at $103,000 after buying an additional 2,067 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Sibanye Gold in the third quarter worth about $4,823,000. Cantor Fitzgerald L. P. raised its position in shares of Sibanye Gold by 37.9% in the third quarter. Cantor Fitzgerald L. P. now owns 49,660 shares of the company’s stock worth $558,000 after acquiring an additional 13,660 shares during the period. Finally, Dorsey Wright & Associates purchased a new stake in shares of Sibanye Gold during the 3rd quarter worth about $1,909,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sibanye Gold

In other news, Director Thabane Vincent Maphai bought 12,000 shares of Sibanye Gold stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $13.34 per share, with a total value of $160,080.00. Following the completion of the acquisition, the director directly owned 140,178 shares of the company’s stock, valued at $1,869,974.52. The trade was a 9.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by insiders.

Sibanye Gold Stock Performance

SBSW opened at $11.61 on Friday. Sibanye Gold Limited has a twelve month low of $3.18 and a twelve month high of $21.29. 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 company has a 50-day moving average price of $16.30 and a 200 day moving average price of $13.28.

Sibanye Gold Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be paid a dividend of $0.2614 per share. This represents a yield of 283.0%. The ex-dividend date is Friday, March 20th.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SBSW shares. Royal Bank Of Canada dropped their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. BMO Capital Markets increased their price target 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. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Finally, HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price for the company in a research note on Friday, January 23rd. One equities research 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 issued a Sell rating to the company’s stock. According to 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.