VectorGlobal IAG Inc. Invests $1.02 Million in Sibanye Gold Limited $SBSW

VectorGlobal IAG Inc. purchased a new stake in shares of Sibanye Gold Limited (NYSE:SBSW) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 82,500 shares of the company’s stock, valued at approximately $1,016,000.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD purchased a new stake in Sibanye Gold in the fourth quarter worth about $63,023,000. Deutsche Bank AG bought a new stake in shares of Sibanye Gold in the 4th quarter worth approximately $49,435,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Sibanye Gold by 81.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock worth $104,252,000 after buying an additional 3,280,972 shares during the last quarter. Millennium Management LLC increased its position in Sibanye Gold by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after buying an additional 2,487,648 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after buying an additional 2,370,443 shares during the last quarter. Institutional investors own 34.93% of the company’s stock.

Insider Buying and Selling at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell purchased 15,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares in the company, valued at $55,023.75. This trade represents a 148.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Sibanye Gold Price Performance

Shares of SBSW opened at $8.82 on Monday. The business’s fifty day simple moving average is $9.45 and its two-hundred day simple moving average is $12.70. Sibanye Gold Limited has a 12 month low of $7.09 and a 12 month high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73.

Analyst Upgrades and Downgrades

SBSW has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. Wall Street Zen lowered Sibanye Gold from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research cut shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets cut their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 14th. Two investment 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. Based on data from MarketBeat.com, Sibanye Gold has an average rating of “Hold” and an average price target 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.