Sibanye Gold Limited $SBSW Position Increased by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in Sibanye Gold by 84.6% during Q4 to 469,948 shares, worth $6.697 million at the end of the period.
• Sibanye paid an annual dividend of $0.2614 per share (record and ex-dividend date: March 20), with the report citing a dividend yield of 292.0%.
• Insider buying: Director Thabane Vincent Maphai purchased 12,000 shares at $13.34 (a 9.36% increase in his holdings) and Director Richard Peter Menell bought 2,500 shares at $11.43.

Mitsubishi UFJ Trust & Banking Corp increased its stake in Sibanye Gold Limited (NYSE:SBSW - Free Report) by 84.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 469,948 shares of the company's stock after purchasing an additional 215,315 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Sibanye Gold were worth $6,697,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SBSW. MAI Capital Management lifted its holdings in shares of Sibanye Gold by 87.8% in the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company's stock worth $28,000 after purchasing an additional 1,169 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sibanye Gold in the 4th quarter worth approximately $29,000. Blue Trust Inc. lifted its holdings in shares of Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company's stock worth $31,000 after purchasing an additional 1,002 shares during the last quarter. Archer Investment Corp bought a new stake in shares of Sibanye Gold in the 3rd quarter worth approximately $34,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company's stock worth $37,000 after purchasing an additional 1,777 shares during the last quarter. Institutional investors own 34.93% of the company's stock.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $12.05 on Friday. The stock's fifty day moving average is $13.34 and its 200-day moving average is $13.83. 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 Limited has a 12-month low of $4.52 and a 12-month high of $21.29.

Sibanye Gold Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th were given a dividend of $0.2614 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a dividend yield of 292.0%.

Insiders Place Their Bets

In related news, Director Thabane Vincent Maphai bought 12,000 shares of the business's stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $13.34 per share, with a total value of $160,080.00. Following the completion of the transaction, the director directly owned 140,178 shares of the company's stock, valued at approximately $1,869,974.52. This trade represents a 9.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Peter Menell bought 2,500 shares of the business's stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the transaction, the director directly owned 2,500 shares of the company's stock, valued at $28,575. This trade 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.

Wall Street Analysts Forecast Growth

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

About Sibanye Gold

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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