FNY Investment Advisers LLC Makes New $4.82 Million Investment in Sibanye Gold Limited $SBSW

FNY Investment Advisers LLC bought a new stake in shares of Sibanye Gold Limited (NYSE:SBSW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 429,100 shares of the company’s stock, valued at approximately $4,823,000. Sibanye Gold accounts for 1.6% of FNY Investment Advisers LLC’s holdings, making the stock its 4th largest holding.

A number of other hedge funds have also recently modified their holdings of the business. MAI Capital Management raised 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 buying an additional 1,169 shares during the period. Archer Investment Corp purchased a new position in Sibanye Gold during the 3rd quarter valued at $34,000. PNC Financial Services Group Inc. grew its position in Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after acquiring an additional 1,777 shares during the last quarter. State of Wyoming bought a new position in Sibanye Gold in the 3rd quarter valued at $39,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Sibanye Gold by 40.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 34.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SBSW shares. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price for the company in a research report on Friday, January 23rd. Royal Bank Of Canada reduced their price target on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. BMO Capital Markets upped their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sibanye Gold has a consensus rating of “Moderate Buy” and a consensus target price of $19.93.

Sibanye Gold Stock Down 6.5%

NYSE SBSW opened at $12.49 on Thursday. The firm’s 50 day moving average price is $16.37 and its 200-day moving average price is $13.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. Sibanye Gold Limited has a 52-week low of $3.18 and a 52-week high of $21.29.

Sibanye Gold Dividend Announcement

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

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.