Goehring & Rozencwajg Associates LLC Has $52.61 Million Holdings in Sibanye Gold Limited $SBSW

Goehring & Rozencwajg Associates LLC boosted its stake in Sibanye Gold Limited (NYSE:SBSW) by 20.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,270,069 shares of the company’s stock after buying an additional 730,389 shares during the period. Sibanye Gold accounts for approximately 2.8% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 14th largest position. Goehring & Rozencwajg Associates LLC’s holdings in Sibanye Gold were worth $52,607,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SBSW. Dorsey Wright & Associates acquired a new stake in shares of Sibanye Gold in the 3rd quarter valued at $1,909,000. Confluence Investment Management LLC bought a new stake in Sibanye Gold during the fourth quarter worth about $709,000. Arlington Capital Management Inc. acquired a new stake in shares of Sibanye Gold during the fourth quarter worth approximately $3,924,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Sibanye Gold by 84.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 469,948 shares of the company’s stock valued at $6,697,000 after acquiring an additional 215,315 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Sibanye Gold in the 4th quarter worth approximately $1,414,000. 34.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen downgraded Sibanye Gold from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research cut Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Finally, BMO Capital Markets reduced their target price 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. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Sibanye Gold currently has an average rating of “Hold” and a consensus price target of $17.93.

Insider Activity

In related news, Director Richard Peter Menell purchased 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the transaction, the director directly owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.05% of the stock is owned by corporate insiders.

Sibanye Gold Stock Down 0.5%

Shares of SBSW stock opened at $8.53 on Thursday. The firm’s 50 day moving average price is $10.44 and its two-hundred day moving average price is $13.27. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. Sibanye Gold Limited has a 52-week low of $7.09 and a 52-week high of $21.29.

Sibanye Gold Company 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.