Sibanye Gold Limited $SBSW Shares Purchased by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Sibanye Gold stake by 67.9% in the second quarter, adding 209,804 shares to own 518,732 shares valued at approximately $4.4 million. Institutional investors and hedge funds collectively own 34.93% of the company.
• Analyst views remain mixed: Citigroup upgraded the stock to “buy,” while BMO Capital Markets cut its price target to $12 and Weiss Ratings maintained a sell rating. The overall consensus rating is “Hold,” with an average price target of $16.82.
• SBSW opened at $12.53, while director Richard Menell purchased 15,000 shares at an average price of $2.19. The company also announced a $0.4985-per-share dividend payable October 6 to shareholders of record September 18.

Engineers Gate Manager LP grew its stake in shares of Sibanye Gold Limited (NYSE:SBSW - Free Report) by 67.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 518,732 shares of the company's stock after buying an additional 209,804 shares during the period. Engineers Gate Manager LP owned 0.07% of Sibanye Gold worth $4,404,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of Sibanye Gold during the fourth quarter valued at $63,023,000. Deutsche Bank AG acquired a new position in Sibanye Gold in the 4th quarter valued at about $49,435,000. Arrowstreet Capital Limited Partnership raised its stake in Sibanye Gold by 81.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company's stock valued at $104,252,000 after purchasing an additional 3,280,972 shares during the last quarter. Millennium Management LLC lifted its holdings in Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock valued at $14,526,000 after purchasing an additional 2,487,648 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock valued at $16,379,000 after purchasing an additional 2,370,443 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SBSW shares. Citigroup raised shares of Sibanye Gold from a "neutral" rating to a "buy" rating and set a $13.50 price objective for the company in a research report on Thursday, August 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Sibanye Gold in a research note on Friday, July 17th. BMO Capital Markets decreased their price objective on Sibanye Gold from $14.00 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday, July 14th. Wall Street Zen raised Sibanye Gold from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 6th. Finally, Zacks Research upgraded Sibanye Gold from a "strong sell" rating to a "hold" rating in a research note on Monday, September 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $16.82.

Sibanye Gold Trading Down 0.4%

Shares of SBSW stock opened at $12.53 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62. Sibanye Gold Limited has a one year low of $7.87 and a one year high of $21.29. The company has a 50 day moving average price of $10.34 and a 200 day moving average price of $11.52.

Sibanye Gold Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th will be issued a dividend of $0.4985 per share. This represents a dividend yield of 795.0%. The ex-dividend date is Friday, September 18th.

Insider Activity at Sibanye Gold

In other news, Director Richard Menell bought 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $2.19 per share, with a total value of $32,850.00. Following the transaction, the director owned 25,125 shares of the company's stock, valued at $55,023.75. This represents a 148.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by insiders.

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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