Sibanye Gold (NYSE:SBSW) Rating Lowered to Hold at Zacks Research

Sibanye Gold (NYSE:SBSW) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

SBSW has been the topic of a number of other research reports. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a report on Friday, January 23rd. Royal Bank Of Canada lowered their target price on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Finally, BMO Capital Markets upped their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.93.

Sibanye Gold Stock Performance

Shares of SBSW stock traded down $0.44 on Monday, reaching $11.50. 2,982,069 shares of the company were exchanged, compared to its average volume of 6,987,689. The company has a 50-day moving average of $13.49 and a 200-day moving average of $13.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. Sibanye Gold has a one year low of $4.43 and a one year high of $21.29.

Insider Activity

In related news, Director Thabane Vincent Maphai acquired 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average price of $13.34 per share, for a total transaction of $160,080.00. Following the completion of the acquisition, the director owned 140,178 shares of the company’s stock, valued at approximately $1,869,974.52. This represents a 9.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Peter Menell acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average price 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Sibanye Gold

Several large investors have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Sibanye Gold during the 1st quarter worth approximately $133,000. AdvisorShares Investments LLC increased its stake in shares of Sibanye Gold by 2.6% during the 1st quarter. AdvisorShares Investments LLC now owns 114,951 shares of the company’s stock worth $1,416,000 after purchasing an additional 2,885 shares during the last quarter. Moran Wealth Management LLC increased its stake in shares of Sibanye Gold by 28.0% during the 1st quarter. Moran Wealth Management LLC now owns 207,397 shares of the company’s stock worth $2,555,000 after purchasing an additional 45,377 shares during the last quarter. Stevens Capital Partners purchased a new stake in shares of Sibanye Gold during the 1st quarter worth approximately $124,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Sibanye Gold by 269.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 96,963 shares of the company’s stock worth $1,195,000 after purchasing an additional 70,701 shares during the last quarter. Hedge funds and other institutional investors 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.