Sibanye Gold Limited (NYSE:SBSW) Given Consensus Recommendation of “Hold” by Analysts

Sibanye Gold Limited (NYSE:SBSW) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.0667.

SBSW has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. BMO Capital Markets raised their price target on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday, September 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SBSW. JPMorgan Chase & Co. raised its holdings 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 buying an additional 6,385,932 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Sibanye Gold by 1,136.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock valued at $25,238,000 after buying an additional 3,212,833 shares during the period. Millennium Management LLC raised its holdings in Sibanye Gold by 363.7% in the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after buying an additional 2,487,648 shares during the period. Acadian Asset Management LLC purchased a new position in Sibanye Gold in the second quarter valued at approximately $17,366,000. Finally, Goldman Sachs Group Inc. raised its holdings in Sibanye Gold by 196.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after buying an additional 2,370,443 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of SBSW stock opened at $11.23 on Friday. Sibanye Gold has a 1-year low of $3.05 and a 1-year high of $11.53. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. The firm’s 50-day simple moving average is $8.85 and its 200-day simple moving average is $6.85.

About Sibanye Gold

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.