Diversify Advisory Services LLC Sells 203,991 Shares of Sibanye Gold Limited $SBSW

Key Points

• Diversify Advisory Services LLC cut its Sibanye Gold position by 87.5%, selling 203,991 shares in the third quarter and retaining 29,243 shares valued at approximately $291,000.
• Institutional ownership was mixed, with several funds increasing or initiating positions; institutional investors and hedge funds collectively owned 34.93% of the stock.
• Analyst views remained divided, resulting in a consensus “Hold” rating and an average price target of $16.32, while SBSW shares opened at $9.41 and recently paid a $0.4985-per-share dividend.

Diversify Advisory Services LLC reduced its position in shares of Sibanye Gold Limited (NYSE:SBSW - Free Report) by 87.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,243 shares of the company's stock after selling 203,991 shares during the period. Diversify Advisory Services LLC's holdings in Sibanye Gold were worth $291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TSP Capital Management Group LLC lifted its position in shares of Sibanye Gold by 3.2% in the third quarter. TSP Capital Management Group LLC now owns 1,132,875 shares of the company's stock worth $11,567,000 after purchasing an additional 35,500 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Sibanye Gold in the 3rd quarter valued at approximately $80,000. MAC Alpha Capital Management LP grew its stake in shares of Sibanye Gold by 81.4% in the second quarter. MAC Alpha Capital Management LP now owns 1,588,307 shares of the company's stock valued at $13,486,000 after buying an additional 712,537 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Sibanye Gold in the second quarter valued at $6,479,000. Finally, Engineers Gate Manager LP grew its stake in shares of Sibanye Gold by 67.9% in the second quarter. Engineers Gate Manager LP now owns 518,732 shares of the company's stock valued at $4,404,000 after buying an additional 209,804 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SBSW has been the topic of several analyst reports. Citigroup raised shares of Sibanye Gold from a "neutral" rating to a "buy" rating and set a $13.50 price target on the stock in a research report on Thursday, August 13th. Royal Bank Of Canada decreased their price objective on shares of Sibanye Gold from $16.50 to $15.00 and set an "outperform" rating for the company in a research report on Wednesday, September 16th. Wall Street Zen raised shares of Sibanye Gold from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 6th. Zacks Research lowered shares of Sibanye Gold from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 6th. Finally, Weiss Ratings raised shares of Sibanye Gold from a "sell (d-)" rating to a "hold (c)" rating in a report on Tuesday, September 22nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $16.32.

Sibanye Gold Price Performance

Shares of SBSW stock opened at $9.41 on Thursday. Sibanye Gold Limited has a 12-month low of $7.87 and a 12-month high of $21.29. The firm has a 50 day moving average price of $10.97 and a two-hundred day moving average price of $12.16. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.72.

Sibanye Gold Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th were paid a dividend of $0.4985 per share. The ex-dividend date was Friday, September 18th. This represents a dividend yield of 856.0%.

Sibanye Gold Profile

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals company headquartered in South Africa. The company produces precious metals, including platinum-group metals (PGMs) and gold, and is also developing interests in battery metals and metals recycling.

The company was established in 2013 when Gold Fields separated several of its South African gold assets into a separately listed business. Sibanye expanded internationally through the acquisition of Stillwater Mining Company in the United States in 2017 and Lonmin in 2019.

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