VectorGlobal IAG Inc. Takes Position in Sibanye Gold Limited $SBSW

VectorGlobal IAG Inc. acquired a new stake in shares of Sibanye Gold Limited (NYSE:SBSW) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 82,500 shares of the company’s stock, valued at approximately $1,016,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goehring & Rozencwajg Associates LLC raised its stake in Sibanye Gold by 20.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock valued at $52,607,000 after buying an additional 730,389 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Sibanye Gold by 84.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 469,948 shares of the company’s stock valued at $6,697,000 after buying an additional 215,315 shares during the period. Erste Asset Management GmbH bought a new position in shares of Sibanye Gold during the 4th quarter valued at $1,414,000. GeoSphere Capital Management LLC purchased a new position in shares of Sibanye Gold in the 4th quarter worth $2,850,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Sibanye Gold by 50.7% in the 4th quarter. Panagora Asset Management Inc. now owns 1,527,790 shares of the company’s stock worth $21,771,000 after buying an additional 514,144 shares during the last quarter. Institutional investors own 34.93% of the company’s stock.

Insider Activity

In other Sibanye Gold news, Director Richard Peter Menell acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $2.19 per share, with a total value of $32,850.00. Following the transaction, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. The trade was a 148.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is currently owned by insiders.

Sibanye Gold Stock Down 0.2%

Shares of SBSW stock opened at $8.82 on Monday. 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 12 month low of $7.09 and a 12 month high of $21.29. The company has a 50 day simple moving average of $9.45 and a two-hundred day simple moving average of $12.70.

Analysts Set New Price Targets

SBSW has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. BMO Capital Markets lowered their target price on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Wall Street Zen cut Sibanye Gold from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Zacks Research downgraded Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.93.

Sibanye Gold 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.