Sibanye Gold Limited $SBSW Stake Lowered by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in Sibanye Gold Limited (NYSE:SBSW) by 56.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,427,032 shares of the company’s stock after selling 1,819,365 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.20% of Sibanye Gold worth $20,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SBSW. GAMMA Investing LLC boosted its position in Sibanye Gold by 22.2% during the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after purchasing an additional 934 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Sibanye Gold by 40.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the period. MAI Capital Management lifted its stake in shares of 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 buying an additional 1,169 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Sibanye Gold by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock worth $192,000 after buying an additional 1,178 shares during the period. Finally, Fermata Advisors LLC boosted its holdings 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 buying an additional 1,418 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

Analyst Upgrades and Downgrades

SBSW has been the topic of several recent analyst reports. 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 report on Friday, January 23rd. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report 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. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Finally, BMO Capital Markets raised their target price on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.93.

Insiders Place Their Bets

In other Sibanye Gold news, Director Thabane Vincent Maphai purchased 12,000 shares of the stock in a transaction on Monday, March 16th. The shares were purchased at an average price of $13.34 per share, with a total value of $160,080.00. Following the acquisition, the director directly owned 140,178 shares of the company’s stock, valued at $1,869,974.52. This represents a 9.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Peter Menell acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average price of $11.43 per share, with a total value of $28,575.00. Following the purchase, the director owned 2,500 shares in the company, valued at approximately $28,575. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.05% of the company’s stock.

Sibanye Gold Trading Down 4.6%

Sibanye Gold stock opened at $11.22 on Friday. The business has a 50 day moving average price of $15.75 and a two-hundred day moving average price of $13.39. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. Sibanye Gold Limited has a 12 month low of $3.18 and a 12 month high of $21.29.

Sibanye Gold Dividend Announcement

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

About Sibanye Gold

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.