Sibanye Gold (NYSE:SBSW) Shares Gap Up – Here’s What Happened

Sibanye Gold Limited (NYSE:SBSWGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $9.86, but opened at $10.92. Sibanye Gold shares last traded at $10.9970, with a volume of 1,187,227 shares changing hands.

Wall Street Analyst Weigh In

SBSW has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Zacks Research downgraded Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada decreased their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Two 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.93.

Get Our Latest Report on SBSW

Sibanye Gold Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average price of $12.15 and a 200 day moving average price of $13.97.

Insider Activity at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell bought 2,500 shares of Sibanye Gold stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average cost of $11.43 per share, with a total value of $28,575.00. Following the acquisition, the director directly owned 2,500 shares of the company’s stock, valued at $28,575. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc boosted its holdings in shares of Sibanye Gold by 1,462.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,872 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Sibanye Gold in the 4th quarter worth approximately $29,000. Blue Trust Inc. boosted its holdings in shares of Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after acquiring an additional 1,002 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Sibanye Gold by 87.8% in the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after acquiring an additional 1,777 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

About Sibanye Gold

(Get Free Report)

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.

Further Reading

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.