Sibanye Gold Limited $SBSW Shares Sold by Eschler Asset Management LLP

Key Points

• Eschler Asset Management cut its stake in Sibanye Gold by 71.6% in Q3, selling 180,023 shares and leaving 71,567 shares valued at about $804,000 (0.6% of Eschler’s portfolio, its 28th largest holding).
• Analyst views are mixed but the consensus is a Moderate Buy with a $19.93 average target, following several recent upgrades, downgrades and price‑target revisions.
• Sibanye announced an annual dividend of $0.2614 payable April 2 to shareholders of record on March 20, which the article reports as an unusually high 164.0% yield.

Eschler Asset Management LLP reduced its position in shares of Sibanye Gold Limited (NYSE:SBSW - Free Report) by 71.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,567 shares of the company's stock after selling 180,023 shares during the quarter. Sibanye Gold comprises 0.6% of Eschler Asset Management LLP's portfolio, making the stock its 28th largest holding. Eschler Asset Management LLP's holdings in Sibanye Gold were worth $804,000 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. MAI Capital Management boosted its stake in Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company's stock valued at $28,000 after buying an additional 1,169 shares in the last quarter. Archer Investment Corp bought a new stake in Sibanye Gold in the third quarter worth about $34,000. PNC Financial Services Group Inc. lifted its holdings in Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company's stock valued at $37,000 after acquiring an additional 1,777 shares during the last quarter. State of Wyoming bought a new position in shares of Sibanye Gold during the 3rd quarter valued at about $39,000. Finally, ORG Partners LLC boosted its position in shares of Sibanye Gold by 178.2% during the 3rd 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 in the last quarter. Institutional investors own 34.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research raised shares of Sibanye Gold from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 1st. Wall Street Zen downgraded Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 14th. Royal Bank Of Canada reduced their price objective on Sibanye Gold from $18.00 to $17.00 and set an "outperform" rating for the company in a research note on Thursday, February 19th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Finally, BMO Capital Markets lifted their price target on Sibanye Gold from $14.00 to $18.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.93.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $13.64 on Friday. The firm has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $13.11. 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.

Sibanye Gold Announces Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 20th will be issued a $0.2614 dividend. This represents a yield of 164.0%. The ex-dividend date is Friday, March 20th.

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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