GeoSphere Capital Management LLC Invests $2.85 Million in Sibanye Gold Limited $SBSW

GeoSphere Capital Management LLC purchased a new position in shares of Sibanye Gold Limited (NYSE:SBSW) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $2,850,000. Sibanye Gold comprises approximately 0.9% of GeoSphere Capital Management LLC’s holdings, making the stock its 23rd largest position.

Several other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. purchased a new stake in shares of Sibanye Gold during the 4th quarter worth approximately $73,000. EverSource Wealth Advisors LLC boosted its stake in shares of Sibanye Gold by 6.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock worth $151,000 after acquiring an additional 656 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Sibanye Gold during the 4th quarter worth approximately $207,000. PNC Financial Services Group Inc. boosted its stake in shares of Sibanye Gold by 172.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,985 shares of the company’s stock worth $128,000 after acquiring an additional 5,687 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of Sibanye Gold by 2.4% during the 4th quarter. Profund Advisors LLC now owns 89,356 shares of the company’s stock worth $1,273,000 after acquiring an additional 2,057 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Thabane Vincent Maphai bought 12,000 shares of Sibanye Gold stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average price of $13.34 per share, with a total value of $160,080.00. Following the purchase, the director owned 140,178 shares in the company, valued at $1,869,974.52. This represents a 9.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Peter Menell bought 2,500 shares of Sibanye Gold stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the purchase, the director owned 2,500 shares in the company, valued at $28,575. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SBSW has been the topic of several research analyst reports. BMO Capital Markets boosted 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. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Zacks Research lowered Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada reduced their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.93.

Sibanye Gold Stock Performance

SBSW stock opened at $11.41 on Monday. Sibanye Gold Limited has a 1 year low of $5.91 and a 1 year high of $21.29. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $12.51 and its 200 day moving average price is $13.99.

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.