BCGM Wealth Management LLC Sells 214,104 Shares of Sibanye Gold Limited $SBSW

BCGM Wealth Management LLC reduced its position in Sibanye Gold Limited (NYSE:SBSW) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 491,358 shares of the company’s stock after selling 214,104 shares during the period. Sibanye Gold comprises approximately 1.8% of BCGM Wealth Management LLC’s holdings, making the stock its 11th largest position. BCGM Wealth Management LLC’s holdings in Sibanye Gold were worth $7,002,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management lifted its holdings in shares of Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after purchasing an additional 1,169 shares in the last quarter. Archer Investment Corp bought a new stake in Sibanye Gold in the 3rd quarter worth about $34,000. PNC Financial Services Group Inc. raised its position in Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after buying an additional 1,777 shares during the last quarter. State of Wyoming purchased a new position in Sibanye Gold in the 3rd quarter worth about $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the period. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sibanye Gold news, Director Thabane Vincent Maphai bought 12,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of $13.34 per share, for a total transaction of $160,080.00. Following the completion of the transaction, the director owned 140,178 shares in the company, valued at $1,869,974.52. This trade represents a 9.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. BMO Capital Markets increased their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Royal Bank Of Canada cut their target price on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Finally, HSBC upgraded shares of 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 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, Sibanye Gold presently has an average rating of “Moderate Buy” and a consensus price target of $19.93.

Sibanye Gold Stock Performance

SBSW opened at $11.24 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $16.21 and its 200-day moving average price is $13.30. Sibanye Gold Limited has a one year low of $3.18 and a one year high of $21.29.

Sibanye Gold Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be given a $0.2614 dividend. This represents a yield of 292.0%. The ex-dividend date of this dividend is Friday, March 20th.

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.