Confluence Investment Management LLC Purchases New Shares in Sibanye Gold Limited $SBSW

Confluence Investment Management LLC purchased a new position in Sibanye Gold Limited (NYSE:SBSW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,766 shares of the company’s stock, valued at approximately $709,000.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Sibanye Gold by 32,992.0% during the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after buying an additional 6,385,932 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Sibanye Gold by 1,136.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after buying an additional 3,212,833 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Sibanye Gold by 2,449.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,246,397 shares of the company’s stock worth $36,490,000 after buying an additional 3,119,075 shares during the period. ABC Arbitrage SA increased its stake in shares of Sibanye Gold by 260.1% in the 3rd quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock worth $45,329,000 after acquiring an additional 2,912,995 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after acquiring an additional 2,487,648 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Sibanye Gold Trading Down 3.3%

SBSW stock opened at $11.24 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. Sibanye Gold Limited has a 1-year low of $3.18 and a 1-year high of $21.29. The business has a fifty day moving average price of $16.21 and a 200-day moving average price of $13.34.

Sibanye Gold Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 292.0%.

Insider Transactions at Sibanye Gold

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

Analysts Set New Price Targets

Several equities research analysts recently commented on SBSW shares. BMO Capital Markets boosted their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. HSBC raised 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. Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. One research 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 company. According to data from MarketBeat, Sibanye Gold presently has an average rating of “Moderate Buy” and a consensus price target of $19.93.

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.