Sibanye Gold (NYSE:SBSW) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Sibanye Gold (NYSE:SBSW) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks reports.

SBSW has been the subject of several other research reports. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research note on Thursday, August 13th. Weiss Ratings upgraded Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Royal Bank Of Canada lowered their target price on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th. Finally, BMO Capital Markets reduced their price target on 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. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.32.

Sibanye Gold Trading Up 2.3%

NYSE SBSW opened at $9.90 on Tuesday. The firm’s fifty day moving average price is $11.18 and its two-hundred day moving average price is $10.98. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62. Sibanye Gold has a fifty-two week low of $7.87 and a fifty-two week high of $21.29.

Sibanye Gold Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th were given a dividend of $0.4985 per share. This represents a dividend yield of 856.0%. The ex-dividend date of this dividend was Friday, September 18th.

Institutional Trading of Sibanye Gold

Several hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc increased its holdings in Sibanye Gold by 1,462.5% during 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 during the period. Blue Trust Inc. boosted its holdings in Sibanye Gold by 127.4% in the 1st quarter. Blue Trust Inc. now owns 4,987 shares of the company’s stock valued at $61,000 after purchasing an additional 2,794 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Sibanye Gold by 3,289.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,915 shares of the company’s stock valued at $70,000 after purchasing an additional 4,770 shares during the period. Stevens Capital Partners purchased a new position in shares of Sibanye Gold during the 2nd quarter valued at $88,000. Finally, SwitchPoint Financial Planning LLC purchased a new position in shares of Sibanye Gold during the 2nd quarter valued at $92,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

About Sibanye Gold

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals processing company headquartered in South Africa. The company was established in 2012 after being spun out of Gold Fields’ South African mining operations and adopted the Sibanye-Stillwater name following its acquisition of Stillwater Mining Company in the United States in 2017.

Sibanye-Stillwater is primarily involved in the production of platinum-group metals, including platinum, palladium and rhodium, as well as gold and selected battery and base metals.