Jefferies Financial Group Inc. grew its stake in shares of Sibanye Gold Limited (NYSE:SBSW - Free Report) by 5,555.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 706,965 shares of the company's stock after acquiring an additional 694,465 shares during the period. Jefferies Financial Group Inc. owned about 0.10% of Sibanye Gold worth $7,964,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. MAI Capital Management grew 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 acquiring an additional 1,169 shares during the period. Archer Investment Corp acquired a new position in Sibanye Gold during the third quarter worth $34,000. PNC Financial Services Group Inc. boosted its position in Sibanye Gold by 116.8% during the third 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 in the last quarter. State of Wyoming purchased a new stake in Sibanye Gold during the third quarter worth $39,000. Finally, ORG Partners LLC grew its holdings in Sibanye Gold by 178.2% in the third quarter. ORG Partners LLC now owns 3,606 shares of the company's stock valued at $41,000 after purchasing an additional 2,310 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Sibanye Gold from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 1st. Wall Street Zen cut shares of Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 14th. Finally, HSBC upgraded shares of Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 price target on the stock in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sibanye Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.93.
Read Our Latest Stock Analysis on Sibanye Gold
Sibanye Gold Stock Performance
Shares of NYSE SBSW opened at $14.38 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. Sibanye Gold Limited has a 1 year low of $3.18 and a 1 year high of $21.29. The firm's 50 day moving average price is $16.59 and its 200 day moving average price is $13.06.
Sibanye Gold Announces Dividend
The firm also recently declared 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. This represents a dividend yield of 164.0%. The ex-dividend date of this dividend is Friday, March 20th.
Sibanye Gold Company Profile
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Free Report)
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.
Further Reading
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