Sibanye Gold (NYSE:SBSW) Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Sibanye Gold (NYSE:SBSW) from a buy rating to a strong-buy rating in a report issued on Friday morning.

A number of other equities analysts have also issued reports on SBSW. BMO Capital Markets boosted their target price on shares of Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sibanye Gold has a consensus rating of “Hold” and a consensus price target of $6.07.

Sibanye Gold Stock Performance

NYSE:SBSW opened at $11.18 on Friday. Sibanye Gold has a 12 month low of $3.05 and a 12 month high of $12.05. The company’s 50 day moving average is $8.96 and its 200-day moving average is $6.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

Institutional Investors Weigh In On Sibanye Gold

Several institutional investors and hedge funds have recently bought and sold shares of SBSW. GAMMA Investing LLC lifted its position in Sibanye Gold by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after purchasing an additional 934 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Sibanye Gold by 13.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,659 shares of the company’s stock valued at $81,000 after purchasing an additional 2,050 shares during the last quarter. Comprehensive Money Management Services LLC boosted its stake in shares of Sibanye Gold by 5.9% in the 1st quarter. Comprehensive Money Management Services LLC now owns 40,301 shares of the company’s stock valued at $185,000 after purchasing an additional 2,250 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Sibanye Gold by 35.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock valued at $42,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Petra Financial Advisors Inc. boosted its stake in shares of Sibanye Gold by 4.8% in the 2nd quarter. Petra Financial Advisors Inc. now owns 56,445 shares of the company’s stock valued at $408,000 after purchasing an additional 2,604 shares during the last quarter. Institutional investors own 34.93% of the company’s stock.

Sibanye Gold Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.