Linden Advisors LP Has $3.82 Million Position in Sibanye Gold Limited $SBSW

Linden Advisors LP cut its stake in shares of Sibanye Gold Limited (NYSE:SBSW) by 78.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339,510 shares of the company’s stock after selling 1,231,298 shares during the period. Linden Advisors LP’s holdings in Sibanye Gold were worth $3,816,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Sibanye Gold by 22.2% during the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after acquiring an additional 934 shares in the last quarter. MAI Capital Management increased its holdings 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 worth $28,000 after acquiring an additional 1,169 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Sibanye Gold by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock worth $192,000 after purchasing an additional 1,178 shares during the period. Fermata Advisors LLC lifted its holdings in shares of Sibanye Gold by 11.8% during the 3rd quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock valued at $151,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Sibanye Gold by 7.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 24,419 shares of the company’s stock valued at $274,000 after purchasing an additional 1,729 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Analyst Upgrades and Downgrades

SBSW has been the subject of a number of research analyst reports. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. 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. Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. BMO Capital Markets lifted their price target on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.93.

Sibanye Gold Stock Up 6.1%

NYSE:SBSW opened at $13.34 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. Sibanye Gold Limited has a twelve month low of $3.18 and a twelve month high of $21.29. The stock’s 50-day simple moving average is $16.49 and its 200 day simple moving average is $13.25.

Sibanye Gold Dividend Announcement

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