Sibanye Gold Limited (NYSE:SBSW) Receives Average Rating of “Hold” from Analysts

Shares of Sibanye Gold Limited (NYSE:SBSWGet Free Report) have been given a consensus rating of “Hold” by the five research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.9333.

Several analysts have recently issued reports on SBSW shares. BMO Capital Markets reduced their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Zacks Research downgraded shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th.

Check Out Our Latest Research Report on Sibanye Gold

Sibanye Gold Stock Up 0.6%

Shares of NYSE SBSW opened at $10.70 on Tuesday. Sibanye Gold has a twelve month low of $7.09 and a twelve month high of $21.29. 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 stock has a fifty day simple moving average of $9.22 and a 200-day simple moving average of $12.40.

Insider Buying and Selling at Sibanye Gold

In related news, Director Richard Peter Menell acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares of the company’s stock, valued at $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in Sibanye Gold by 113.9% in the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock valued at $183,000 after purchasing an additional 21,248 shares in the last quarter. Millennium Management LLC grew its position in shares of Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after buying an additional 2,487,648 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after buying an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sibanye Gold during the first quarter worth about $55,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Sibanye Gold during the second quarter worth approximately $186,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Company Profile

(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.

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Analyst Recommendations for Sibanye Gold (NYSE:SBSW)

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