U S Global Investors Inc. Has $3.92 Million Holdings in Sibanye Gold Limited $SBSW

U S Global Investors Inc. lessened its stake in Sibanye Gold Limited (NYSE:SBSW) by 49.5% in the fourth quarter, Holdings Channel reports. The firm owned 275,000 shares of the company’s stock after selling 269,332 shares during the quarter. U S Global Investors Inc.’s holdings in Sibanye Gold were worth $3,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC raised its stake in Sibanye Gold by 22.2% in the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after purchasing an additional 934 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 valued at $39,000 after purchasing an additional 1,000 shares in the last quarter. 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. Linden Thomas Advisory Services LLC raised its stake in Sibanye Gold by 4.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 25,438 shares of the company’s stock valued at $362,000 after purchasing an additional 1,019 shares in the last quarter. Finally, MAI Capital Management raised its stake in Sibanye Gold by 87.8% in the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after purchasing an additional 1,169 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

SBSW has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada dropped their price target on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a research note on Friday, January 23rd. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. One 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 given a Sell rating to the company’s stock. According to MarketBeat, Sibanye Gold has a consensus rating of “Moderate Buy” and a consensus price target of $19.93.

Sibanye Gold Stock Performance

Shares of NYSE SBSW opened at $12.65 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. Sibanye Gold Limited has a 12 month low of $4.43 and a 12 month high of $21.29. The stock has a 50-day moving average price of $13.76 and a two-hundred day moving average price of $13.79.

Sibanye Gold Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th were paid a dividend of $0.2614 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a yield of 292.0%.

Insider Activity

In other Sibanye Gold news, Director Thabane Vincent Maphai bought 12,000 shares of the stock in a transaction on Monday, March 16th. The stock was purchased at an average price of $13.34 per share, with a total value of $160,080.00. Following the completion of the purchase, the director owned 140,178 shares in the company, valued at $1,869,974.52. The trade was a 9.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Peter Menell purchased 2,500 shares of Sibanye Gold stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the acquisition, the director owned 2,500 shares of the company’s stock, valued at approximately $28,575. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.05% of the stock is currently owned by insiders.

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.