FNY Investment Advisers LLC Reduces Position in Sibanye Gold Limited $SBSW

FNY Investment Advisers LLC trimmed its stake in Sibanye Gold Limited (NYSE:SBSW) by 84.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,990 shares of the company’s stock after selling 363,110 shares during the period. FNY Investment Advisers LLC’s holdings in Sibanye Gold were worth $940,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MAI Capital Management lifted its position in 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. Blue Trust Inc. increased its position in Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares in the last quarter. Archer Investment Corp bought a new position in shares of Sibanye Gold in the third quarter worth about $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 buying an additional 1,777 shares during the period. Finally, State of Wyoming purchased a new position in shares of Sibanye Gold during the 3rd quarter valued at about $39,000. 34.93% of the stock is owned by institutional investors.

Insider Activity at Sibanye Gold

In related news, Director Thabane Vincent Maphai bought 12,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director owned 140,178 shares of the company’s stock, valued at $1,869,974.52. This represents 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 the SEC website. Also, Director Richard Peter Menell bought 2,500 shares of the stock in a transaction dated Tuesday, March 24th. The stock was bought at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the acquisition, the director directly owned 2,500 shares of the company’s stock, valued at approximately $28,575. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective for the company in a research note on Friday, January 23rd. Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. BMO Capital Markets upped their price target on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Royal Bank Of Canada decreased their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.93.

Sibanye Gold Stock Performance

NYSE:SBSW opened at $12.50 on Friday. The stock has a 50-day moving average price of $15.22 and a 200 day moving average price of $13.50. 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 business also recently disclosed an annual dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th were issued a dividend of $0.2614 per share. This represents a yield of 292.0%. The ex-dividend date of this dividend was 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.