Sibanye Gold Limited (NYSE:SBSW – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $9.00, but opened at $8.45. Sibanye Gold shares last traded at $8.7180, with a volume of 1,203,746 shares changing hands.
Analyst Ratings Changes
Several research firms recently commented on SBSW. Zacks Research downgraded Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.93.
Get Our Latest Stock Analysis on Sibanye Gold
Sibanye Gold Stock Down 4.8%
Institutional Trading of Sibanye Gold
Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. Hohimer Wealth Management LLC purchased a new stake in shares of Sibanye Gold in the 3rd quarter worth about $3,151,000. Dorsey Wright & Associates purchased a new position in Sibanye Gold during the 3rd quarter valued at about $1,909,000. Envestnet Asset Management Inc. increased its holdings in Sibanye Gold by 741.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 216,358 shares of the company’s stock valued at $2,432,000 after acquiring an additional 190,654 shares in the last quarter. Jefferies Financial Group Inc. raised its position in Sibanye Gold by 5,555.7% during the third quarter. Jefferies Financial Group Inc. now owns 706,965 shares of the company’s stock worth $7,964,000 after acquiring an additional 694,465 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Sibanye Gold by 14.9% during the third quarter. American Century Companies Inc. now owns 2,294,313 shares of the company’s stock worth $25,788,000 after acquiring an additional 297,707 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.
About Sibanye Gold
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.
See Also
- Five stocks we like better than Sibanye Gold
- Dividend Increases: From Over 10% Yields to Over 10% Dividend Growth
- From Quantum to Clothing: Insider Trades Hit 3 Big Names
- ASML’s Chip Dominance Runs Into New Silicon Boundaries
- Why These South Korea-Focused ETFs Have More Than Doubled in 2026
Receive News & Ratings for Sibanye Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Gold and related companies with MarketBeat.com's FREE daily email newsletter.
