Quantbot Technologies LP Buys 116,682 Shares of Sibanye Gold Limited $SBSW

Key Points

• Quantbot Technologies increased its stake in Sibanye Gold by 483.7% in Q3, buying 116,682 shares to hold 140,804 shares valued at about $1.583 million.
• Other large investors also made big moves—JPMorgan added roughly 6.39 million shares and firms like Lingotto, Marshall Wace, ABC Arbitrage and Goldman Sachs materially boosted positions, with institutional ownership at 34.93%.
• Wall Street consensus is a Moderate Buy with an average price target of $19.93 amid mixed analyst actions and several recent upgrades.

Quantbot Technologies LP raised its stake in Sibanye Gold Limited (NYSE:SBSW - Free Report) by 483.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,804 shares of the company's stock after purchasing an additional 116,682 shares during the period. Quantbot Technologies LP's holdings in Sibanye Gold were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Lingotto Investment Management LLP boosted its holdings in shares of Sibanye Gold by 0.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company's stock valued at $205,268,000 after buying an additional 263,600 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company's stock valued at $46,246,000 after acquiring an additional 6,385,932 shares in the last quarter. Marshall Wace LLP grew its holdings in Sibanye Gold by 77.0% in the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company's stock worth $34,316,000 after purchasing an additional 2,068,178 shares during the last quarter. ABC Arbitrage SA grew its holdings in Sibanye Gold by 260.1% in the third quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company's stock worth $45,329,000 after purchasing an additional 2,912,995 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position 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 purchasing an additional 2,370,443 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SBSW. BMO Capital Markets raised their price objective on Sibanye Gold from $14.00 to $18.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada lowered their price target on Sibanye Gold from $18.00 to $17.00 and set an "outperform" rating for the company in a report on Thursday, February 19th. Zacks Research upgraded Sibanye Gold from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 1st. HSBC raised shares of Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 price objective for the company in a research report on Friday, January 23rd. Finally, Wall Street Zen cut shares of Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 14th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Sibanye Gold presently has a consensus rating of "Moderate Buy" and an average target price of $19.93.

Sibanye Gold Stock Performance

NYSE:SBSW opened at $14.25 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The company's fifty day moving average price is $16.62 and its 200-day moving average price is $12.90. Sibanye Gold Limited has a 1-year low of $3.18 and a 1-year high of $21.29.

Sibanye Gold Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be paid a dividend of $0.2614 per share. The ex-dividend date is Friday, March 20th. This represents a dividend yield of 164.0%.

Sibanye Gold Company 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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