Sibanye Gold (NYSE:SBSW) Stock Price Down 7.1% – Should You Sell?

Sibanye Gold Limited (NYSE:SBSW)’s share price traded down 7.1% on Monday . The stock traded as low as $16.25 and last traded at $16.4610. 4,246,353 shares were traded during mid-day trading, a decline of 47% from the average session volume of 7,989,345 shares. The stock had previously closed at $17.71.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SBSW. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price for the company in a research report on Friday, January 23rd. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Royal Bank Of Canada lowered their target price on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. BMO Capital Markets lifted their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sibanye Gold presently has an average rating of “Moderate Buy” and an average target price of $19.93.

Sibanye Gold Trading Down 4.1%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The firm’s 50 day simple moving average is $16.61 and its 200 day simple moving average is $12.77.

Sibanye Gold Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be paid a $0.2614 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 164.0%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SBSW. Lingotto Investment Management LLP boosted its holdings in Sibanye Gold by 0.9% during the 2nd quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock valued at $205,268,000 after acquiring an additional 263,600 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Sibanye Gold by 81.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after purchasing an additional 3,280,972 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after purchasing an additional 6,385,932 shares during the last quarter. Condire Management LP boosted its stake in shares of Sibanye Gold by 5.6% during the fourth quarter. Condire Management LP now owns 5,244,469 shares of the company’s stock valued at $74,734,000 after purchasing an additional 279,540 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Sibanye Gold by 77.0% in the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock worth $34,316,000 after purchasing an additional 2,068,178 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.