65,996 Shares in Sibanye Gold Limited $SBSW Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sibanye Gold Limited (NYSE:SBSW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 65,996 shares of the company’s stock, valued at approximately $674,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBSW. Arrowstreet Capital Limited Partnership lifted its position in shares of Sibanye Gold by 21.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock valued at $109,687,000 after acquiring an additional 1,587,183 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in shares of Sibanye Gold by 20.6% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock worth $52,607,000 after purchasing an additional 730,389 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Sibanye Gold by 31.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,762,347 shares of the company’s stock worth $33,977,000 after purchasing an additional 655,929 shares during the period. Renaissance Technologies LLC bought a new position in shares of Sibanye Gold in the first quarter worth $22,507,000. Finally, MAC Alpha Capital Management LP raised its stake in Sibanye Gold by 81.4% in the second quarter. MAC Alpha Capital Management LP now owns 1,588,307 shares of the company’s stock valued at $13,486,000 after purchasing an additional 712,537 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Trading Up 0.1%

Shares of SBSW stock opened at $9.51 on Monday. Sibanye Gold Limited has a fifty-two week low of $7.87 and a fifty-two week high of $21.29. The stock’s fifty day moving average price is $10.54 and its two-hundred day moving average price is $11.88. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62.

Sibanye Gold Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 6th. Investors of record on Friday, September 18th were paid a $0.4985 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a yield of 856.0%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SBSW. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective for the company in a research report on Thursday, August 13th. Royal Bank Of Canada reduced their price objective on shares of Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Weiss Ratings raised shares of Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. BMO Capital Markets dropped 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 report on Tuesday, July 14th. Finally, Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.32.

About Sibanye Gold

Sibanye-Stillwater Limited, formerly known as Sibanye Gold, is a multinational mining and metals-processing company headquartered in South Africa. The company was established in 2013 as a spin-off from Gold Fields and expanded beyond gold through acquisitions, including the purchase of U.S.-based Stillwater Mining Company in 2017.

Its operations produce gold and platinum-group metals, including platinum, palladium and rhodium. The company also mines and processes other metals and minerals, with activities spanning South Africa and the United States, as well as projects and operations in Europe and Australia.

In addition to mining, Sibanye-Stillwater has interests in metals recycling and the development of battery-related materials.