Sibanye Gold Limited (SBSW) To Go Ex-Dividend on March 20th

Sibanye Gold Limited (NYSE:SBSW) declared an annual dividend on Friday, February 20th. Investors of record on Friday, March 20th will be given a dividend of 0.2614 per share on Thursday, April 2nd. This represents a yield of 164.0%. The ex-dividend date is Friday, March 20th.

Sibanye Gold has decreased its dividend by an average of 1.0%per year over the last three years. Sibanye Gold has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings.

Sibanye Gold Trading Up 0.1%

Shares of SBSW opened at $13.36 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The company has a 50-day moving average price of $16.44 and a two-hundred day moving average price of $13.29. Sibanye Gold has a 12 month low of $3.18 and a 12 month high of $21.29.

Hedge Funds Weigh In On Sibanye Gold

Several institutional investors have recently bought and sold shares of SBSW. Moors & Cabot Inc. boosted its stake in Sibanye Gold by 4.8% in the fourth quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock worth $203,000 after purchasing an additional 650 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Sibanye Gold by 6.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock valued at $151,000 after buying an additional 656 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sibanye Gold by 40.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Sibanye Gold by 84.1% during the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

About Sibanye Gold

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.