Public Employees Retirement System of Ohio Has $6.79 Million Stake in Sibanye Gold Limited $SBSW

Public Employees Retirement System of Ohio boosted its holdings in Sibanye Gold Limited (NYSE:SBSW) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 550,753 shares of the company’s stock after purchasing an additional 62,291 shares during the period. Public Employees Retirement System of Ohio owned about 0.08% of Sibanye Gold worth $6,785,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBSW. AdvisorNet Financial Inc boosted its stake 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 worth $25,000 after buying an additional 1,872 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Sibanye Gold in the fourth quarter valued at about $29,000. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 1,002 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Sibanye Gold by 116.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after acquiring an additional 1,777 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after acquiring an additional 1,000 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sibanye Gold news, Director Richard Peter Menell purchased 15,000 shares of Sibanye Gold stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. This trade represents a 148.15% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sibanye Gold Stock Down 1.9%

Sibanye Gold stock opened at $8.38 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’s 50-day moving average is $9.62 and its 200-day moving average is $12.85. Sibanye Gold Limited has a fifty-two week low of $7.09 and a fifty-two week high of $21.29.

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.