Sibanye Gold (NYSE:SBSW) Director Richard Peter Menell Buys 15,000 Shares

Sibanye Gold Limited (NYSE:SBSW) Director Richard Peter Menell bought 15,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $2.19 per share, with a total value of $32,850.00. Following the purchase, the director owned 25,125 shares in the company, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sibanye Gold Trading Down 1.6%

SBSW stock opened at $8.48 on Wednesday. The stock has a 50-day simple moving average of $11.29 and a two-hundred day simple moving average of $13.70. Sibanye Gold Limited has a twelve month low of $7.09 and a twelve month 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.

Institutional Trading of Sibanye Gold

Several institutional investors and hedge funds have recently modified their holdings of SBSW. AdvisorNet Financial Inc boosted its position in shares of Sibanye Gold by 1,462.5% during the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,872 shares during the last quarter. MAI Capital Management increased 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 worth $28,000 after purchasing an additional 1,169 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Sibanye Gold in the fourth quarter worth approximately $29,000. Blue Trust Inc. raised its stake in 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Sibanye Gold by 116.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after purchasing an additional 1,777 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SBSW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Zacks Research downgraded shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.93.

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.