Sibanye Gold Limited (NYSE:SBSW) Given Average Rating of “Moderate Buy” by Analysts

Shares of Sibanye Gold Limited (NYSE:SBSW) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $19.9333.

Several analysts have recently weighed in on SBSW shares. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. BMO Capital Markets upped their price target 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. Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. Finally, HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective for the company in a research report on Friday, January 23rd.

Sibanye Gold Trading Down 7.9%

SBSW opened at $12.56 on Friday. The business has a fifty day moving average of $16.53 and a 200 day moving average of $13.14. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. Sibanye Gold has a 52-week low of $3.18 and a 52-week high of $21.29.

Sibanye Gold Announces Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th will be paid a dividend of $0.2614 per share. This represents a dividend yield of 164.0%. The ex-dividend date of this dividend is Friday, March 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. MAI Capital Management increased its holdings in Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after purchasing an additional 1,169 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Sibanye Gold during the 4th quarter valued at $29,000. Blue Trust Inc. lifted 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 buying an additional 1,002 shares during the period. Archer Investment Corp purchased a new stake in shares of Sibanye Gold in the 3rd quarter worth $34,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Sibanye Gold by 116.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after buying an additional 1,777 shares in the last quarter. 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.