MAC Alpha Capital Management LP Has $13.49 Million Stock Holdings in Sibanye Gold Limited $SBSW

Key Points

• MAC Alpha Capital Management increased its Sibanye Gold stake by 81.4% in the second quarter, holding 1.59 million shares valued at approximately $13.49 million, or 2.7% of its portfolio.
• Other institutional investors also expanded their positions, while institutional and hedge-fund ownership reached 34.93% of the company. A company director separately purchased 15,000 shares.
• SBSW opened at $11.65, compared with an analyst average price target of $16.32 and an overall “Hold” rating. The company announced a $0.4985 dividend, though the stated 856% yield appears unusually high and may reflect a data discrepancy.

MAC Alpha Capital Management LP grew its holdings in shares of Sibanye Gold Limited (NYSE:SBSW - Free Report) by 81.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,588,307 shares of the company's stock after buying an additional 712,537 shares during the period. Sibanye Gold makes up 2.7% of MAC Alpha Capital Management LP's investment portfolio, making the stock its 8th largest holding. MAC Alpha Capital Management LP owned about 0.22% of Sibanye Gold worth $13,486,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of Sibanye Gold by 21.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company's stock valued at $109,687,000 after acquiring an additional 1,587,183 shares during the period. Goehring & Rozencwajg Associates LLC grew its holdings in Sibanye Gold by 20.6% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company's stock worth $52,607,000 after purchasing an additional 730,389 shares during the period. Dimensional Fund Advisors LP increased its stake in Sibanye Gold by 31.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,762,347 shares of the company's stock valued at $33,977,000 after purchasing an additional 655,929 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Sibanye Gold by 28.7% in the fourth quarter. BNP Paribas Financial Markets now owns 2,255,549 shares of the company's stock valued at $32,142,000 after purchasing an additional 503,180 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Sibanye Gold during the first quarter valued at about $22,507,000. Institutional investors and hedge funds own 34.93% of the company's stock.

Insider Activity

In other news, Director Richard Menell bought 15,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This trade represents a 148.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.

Sibanye Gold Price Performance

NYSE SBSW opened at $11.65 on Monday. The business has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $11.30. Sibanye Gold Limited has a 12 month low of $7.87 and a 12 month high of $21.29. 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. Stockholders of record on Friday, September 18th will be paid a $0.4985 dividend. The ex-dividend date is Friday, September 18th. This represents a dividend yield of 856.0%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SBSW. Weiss Ratings reissued a "sell (d-)" rating on shares of Sibanye Gold in a research report on Friday, July 17th. BMO Capital Markets dropped their price target on Sibanye Gold from $14.00 to $12.00 and set a "market perform" rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen raised Sibanye Gold from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 6th. Royal Bank Of Canada cut their price target on Sibanye Gold from $16.50 to $15.00 and set an "outperform" rating on the stock in a report on Wednesday, September 16th. Finally, Citigroup raised Sibanye Gold from a "neutral" rating to a "buy" rating and set a $13.50 price objective for the company in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sibanye Gold presently has an average rating of "Hold" and an average price target of $16.32.

About Sibanye Gold

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields' South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.

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