BlueCrest Capital Management Ltd Takes Position in Sibanye Gold Limited $SBSW

Key Points

• BlueCrest Capital Management initiated a position in Sibanye Gold by purchasing 763,107 shares worth approximately $6.48 million, representing 0.11% of the company. Institutional investors collectively own 34.93% of SBSW.
• Sibanye Gold shares recently traded at $13.12, up 1.7%, with a 52-week range of $7.87 to $21.29. The company also announced a $0.4985 dividend, payable October 6 to shareholders of record September 18.
• Analyst sentiment remains mixed, ranging from “sell” to “strong buy,” with an overall consensus rating of Hold and an average price target of $16.82.

BlueCrest Capital Management Ltd bought a new position in shares of Sibanye Gold Limited (NYSE:SBSW - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 763,107 shares of the company's stock, valued at approximately $6,479,000. BlueCrest Capital Management Ltd owned 0.11% of Sibanye Gold as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC raised its holdings in Sibanye Gold by 20.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company's stock worth $52,607,000 after acquiring an additional 730,389 shares during the period. Assenagon Asset Management S.A. bought a new stake in Sibanye Gold during the second quarter valued at about $9,126,000. Sei Investments Co. boosted its holdings in Sibanye Gold by 67.5% during the first quarter. Sei Investments Co. now owns 868,470 shares of the company's stock valued at $10,700,000 after acquiring an additional 350,122 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Sibanye Gold in the first quarter valued at about $3,528,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Sibanye Gold in the fourth quarter valued at about $1,414,000. Institutional investors and hedge funds own 34.93% of the company's stock.

Sibanye Gold Trading Up 1.7%

Shares of NYSE:SBSW opened at $13.12 on Thursday. Sibanye Gold Limited has a 1-year low of $7.87 and a 1-year high of $21.29. The business's 50 day moving average is $10.20 and its 200-day moving average is $11.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 1.37.

Sibanye Gold Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 6th. Investors of record on Friday, September 18th will be given a $0.4985 dividend. This represents a yield of 795.0%. The ex-dividend date of this dividend is Friday, September 18th.

Insiders Place Their Bets

In other Sibanye Gold news, Director Richard Menell purchased 15,000 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the purchase, the director directly owned 25,125 shares of the company's stock, valued at approximately $55,023.75. This represents a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SBSW has been the subject of several research analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Sibanye Gold in a research report on Friday, July 17th. BMO Capital Markets lowered their target price on Sibanye Gold from $14.00 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday, July 14th. Wall Street Zen upgraded Sibanye Gold from a "buy" rating to a "strong-buy" rating in a report on Sunday. Zacks Research raised Sibanye Gold from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, Citigroup raised shares of Sibanye Gold from a "neutral" rating to a "buy" rating and set a $13.50 target price on the stock in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.82.

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.

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