Sibanye Gold Limited $SBSW Stock: Assenagon Asset Management S.A. Cuts Stake

Assenagon Asset Management S.A. lessened its holdings in Sibanye Gold Limited (NYSE:SBSW - Free Report) by 76.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 254,928 shares of the company's stock after selling 820,039 shares during the period. Assenagon Asset Management S.A.'s holdings in Sibanye Gold were worth $2,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its holdings in Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company's stock valued at $25,000 after buying an additional 1,872 shares during the last quarter. Blue Trust Inc. raised its holdings in Sibanye Gold by 127.4% in the 1st quarter. Blue Trust Inc. now owns 4,987 shares of the company's stock worth $61,000 after purchasing an additional 2,794 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Sibanye Gold by 4,334.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,430 shares of the company's stock valued at $92,000 after purchasing an additional 6,285 shares in the last quarter. Mather Group LLC. purchased a new position in Sibanye Gold during the third quarter valued at $80,000. Finally, Stevens Capital Partners purchased a new position in Sibanye Gold during the first quarter valued at $124,000. Hedge funds and other institutional investors own 34.93% of the company's stock.

Sibanye Gold Price Performance

NYSE:SBSW opened at $9.76 on Thursday. The company has a current ratio of 2.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. Sibanye Gold Limited has a 12 month low of $7.87 and a 12 month high of $21.29. The business's 50-day moving average is $11.15 and its 200 day moving average is $10.86.

Sibanye Gold Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, October 6th. Shareholders of record on Friday, September 18th were paid a $0.4985 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a yield of 856.0%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SBSW shares. Zacks Research lowered Sibanye Gold from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 6th. Royal Bank Of Canada decreased their price objective on Sibanye Gold from $16.50 to $15.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 16th. Citigroup raised shares of Sibanye Gold from a "neutral" rating to a "buy" rating and set a $13.50 target price for the company in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Sibanye Gold from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 6th. Finally, Weiss Ratings upgraded shares of Sibanye Gold from a "sell (d-)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sibanye Gold presently has an average rating of "Hold" and a consensus target price of $16.32.

Sibanye Gold Company Profile

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals company headquartered in South Africa. The company produces precious metals, including platinum-group metals (PGMs) and gold, and is also developing interests in battery metals and metals recycling.

The company was established in 2013 when Gold Fields separated several of its South African gold assets into a separately listed business. Sibanye expanded internationally through the acquisition of Stillwater Mining Company in the United States in 2017 and Lonmin in 2019.

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