Sibanye Gold Limited $SBSW Shares Sold by TSP Capital Management Group LLC

TSP Capital Management Group LLC cut its position in Sibanye Gold Limited (NYSE:SBSW) by 38.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 972,375 shares of the company’s stock after selling 596,150 shares during the quarter. Sibanye Gold comprises 2.9% of TSP Capital Management Group LLC’s holdings, making the stock its 12th largest position. TSP Capital Management Group LLC’s holdings in Sibanye Gold were worth $11,980,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Zacks Research downgraded Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sibanye Gold has an average rating of “Hold” and a consensus target price of $19.93.

Insider Buying and Selling at Sibanye Gold

In related news, Director Richard Peter Menell bought 15,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the purchase, the director 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 filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

Sibanye Gold Stock Up 0.1%

NYSE SBSW opened at $8.50 on Thursday. 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 12 month low of $7.09 and a 12 month high of $21.29. The company’s fifty day moving average price is $11.19 and its two-hundred day moving average price is $13.67.

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.