Pictet Asset Management Holding SA Sells 438,083 Shares of Sibanye Gold Limited $SBSW

Key Points

• Pictet Asset Management trimmed its stake in Sibanye Gold by 50%, selling 438,083 shares in Q4 and leaving holdings worth about $6.24 million.
• Several large funds (Arrowstreet, ABC Arbitrage, Goldman Sachs, Millennium) significantly increased positions, and institutional investors now own about 34.93% of the company.
• Company insiders bought shares recently (Director Thabane Vincent Maphai bought 12,000 shares at $13.34; Richard Menell bought 2,500 at $11.43), and Sibanye paid a $0.2614 annual dividend (ex‑dividend March 20), reported as a 292.0% yield in the article.

Pictet Asset Management Holding SA trimmed its stake in shares of Sibanye Gold Limited (NYSE:SBSW - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 438,083 shares of the company's stock after selling 438,083 shares during the quarter. Pictet Asset Management Holding SA's holdings in Sibanye Gold were worth $6,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sibanye Gold by 15.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company's stock worth $45,353,000 after buying an additional 539,447 shares in the last quarter. ABC Arbitrage SA lifted its holdings in shares of Sibanye Gold by 260.1% during the third quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company's stock worth $45,329,000 after buying an additional 2,912,995 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock worth $16,379,000 after buying an additional 2,370,443 shares in the last quarter. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Sibanye Gold by 0.3% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 3,360,030 shares of the company's stock worth $37,767,000 after buying an additional 11,189 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock worth $14,526,000 after buying an additional 2,487,648 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SBSW shares. HSBC raised Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 target price for the company in a report on Friday, January 23rd. Zacks Research downgraded Sibanye Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. BMO Capital Markets lifted their target price on Sibanye Gold from $14.00 to $18.00 and gave the stock a "market perform" rating in a report on Tuesday, February 3rd. Wall Street Zen downgraded Sibanye Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 14th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $19.93.

Insider Transactions at Sibanye Gold

In related news, Director Thabane Vincent Maphai purchased 12,000 shares of the company's stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average price of $13.34 per share, with a total value of $160,080.00. Following the completion of the purchase, the director directly owned 140,178 shares in the company, valued at $1,869,974.52. This trade represents a 9.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Peter Menell purchased 2,500 shares of the company's stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average cost of $11.43 per share, with a total value of $28,575.00. Following the purchase, the director owned 2,500 shares of the company's stock, valued at $28,575. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.05% of the stock is owned by insiders.

Sibanye Gold Trading Down 0.2%

SBSW stock opened at $12.05 on Monday. The business has a 50-day simple moving average of $13.34 and a 200 day simple moving average of $13.84. Sibanye Gold Limited has a 52 week low of $4.52 and a 52 week high of $21.29. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Sibanye Gold Dividend Announcement

The business also recently declared an annual dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 20th were paid a $0.2614 dividend. 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.

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