Sibanye Gold Limited (NYSE:SBSW) Receives Consensus Recommendation of “Hold” from Analysts

Sibanye Gold Limited (NYSE:SBSW) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.8250.

Several brokerages have issued reports on SBSW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note 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. Citigroup upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a research report on Thursday, August 13th. Wall Street Zen cut shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, BMO Capital Markets cut their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, July 14th.

Sibanye Gold Stock Up 2.2%

NYSE:SBSW opened at $11.01 on Tuesday. 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 company has a fifty day moving average of $9.21 and a two-hundred day moving average of $12.11. Sibanye Gold has a fifty-two week low of $7.09 and a fifty-two week high of $21.29.

Insider Buying and Selling at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. The trade was a 148.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Sibanye Gold

Institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD purchased a new stake in Sibanye Gold during the fourth quarter worth about $63,023,000. Deutsche Bank AG purchased a new position in shares of Sibanye Gold in the fourth quarter valued at approximately $49,435,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 period. Millennium Management LLC grew its holdings in shares of 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 purchasing an additional 2,487,648 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Sibanye Gold by 196.6% during the 1st 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 during the period. Institutional investors and hedge funds 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.