U S Global Investors Inc. Sells 269,332 Shares of Sibanye Gold Limited $SBSW

Key Points

• U S Global Investors cut its stake in Sibanye Gold by 49.5% in Q4, selling 269,332 shares and retaining 275,000 shares valued at about $3.92 million.
• Company insiders increased positions recently: Director Thabane Vincent Maphai bought 12,000 shares at $13.34 (raising his holdings to 140,178 shares) and Director Richard Peter Menell bought 2,500 shares at $11.43.
• Wall Street sentiment is mixed but tilted positive, with an average rating of Moderate Buy and an average price target of $19.93, amid individual upgrades (HSBC, Zacks) and some target adjustments (RBC, BMO).

U S Global Investors Inc. cut its position in Sibanye Gold Limited (NYSE:SBSW - Free Report) by 49.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,000 shares of the company's stock after selling 269,332 shares during the quarter. U S Global Investors Inc.'s holdings in Sibanye Gold were worth $3,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Sibanye Gold by 22.2% in the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company's stock valued at $58,000 after buying an additional 934 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company's stock worth $39,000 after purchasing an additional 1,000 shares during the period. Blue Trust Inc. increased its holdings in shares of Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company's stock valued at $31,000 after purchasing an additional 1,002 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of Sibanye Gold by 4.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 25,438 shares of the company's stock valued at $362,000 after purchasing an additional 1,019 shares during the period. Finally, MAI Capital Management raised its position in shares of Sibanye Gold by 87.8% in the third quarter. MAI Capital Management now owns 2,500 shares of the company's stock valued at $28,000 after purchasing an additional 1,169 shares during the period. 34.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada dropped their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an "outperform" rating on the stock in a research report on Thursday, February 19th. Wall Street Zen lowered shares of Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 14th. HSBC raised shares of Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 price objective on the stock in a research report on Friday, January 23rd. Finally, Zacks Research raised shares of Sibanye Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 1st. One investment 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 issued a Sell rating to the company. According to MarketBeat, Sibanye Gold has an average rating of "Moderate Buy" and an average price target of $19.93.

Insiders Place Their Bets

In other news, Director Richard Peter Menell bought 2,500 shares of the company's stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $11.43 per share, with a total value of $28,575.00. Following the completion of the acquisition, the director owned 2,500 shares of the company's stock, valued at $28,575. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thabane Vincent Maphai bought 12,000 shares of the company's stock in a transaction dated Monday, March 16th. The shares were purchased at an average cost of $13.34 per share, with a total value of $160,080.00. Following the acquisition, the director directly owned 140,178 shares of the company's stock, valued at approximately $1,869,974.52. This represents a 9.36% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.05% of the stock is currently owned by company insiders.

Sibanye Gold Stock Performance

SBSW opened at $12.65 on Friday. Sibanye Gold Limited has a fifty-two week low of $4.43 and a fifty-two week high of $21.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. The stock has a fifty day moving average of $13.76 and a 200-day moving average of $13.79.

Sibanye Gold Dividend Announcement

The company also recently announced an annual dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th were issued 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%.

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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