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

Shares of Sibanye Gold Limited (NYSE:SBSW) have been assigned an average rating of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.9333.

Several analysts have issued reports on SBSW shares. Zacks Research downgraded shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Royal Bank Of Canada lowered their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Finally, Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $11.10 on Thursday. 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 52-week low of $5.98 and a 52-week high of $21.29. The firm has a fifty day moving average of $12.40 and a 200-day moving average of $14.04.

Insider Activity at Sibanye Gold

In other news, Director Thabane Vincent Maphai acquired 12,000 shares of the stock in a transaction on Monday, March 16th. The stock was bought at an average price of $13.34 per share, with a total value of $160,080.00. Following the completion of the transaction, the director directly owned 140,178 shares of the company’s stock, valued at $1,869,974.52. The trade was a 9.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Peter Menell acquired 2,500 shares of the stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of $11.43 per share, with a total value of $28,575.00. Following the purchase, the director owned 2,500 shares in the company, valued at $28,575. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.05% of the stock is owned by company insiders.

Institutional Trading of Sibanye Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in SBSW. Price T Rowe Associates Inc. MD bought a new stake in shares of Sibanye Gold in the fourth quarter worth $63,023,000. Deutsche Bank AG acquired a new position in Sibanye Gold in the fourth quarter worth about $49,435,000. Arrowstreet Capital Limited Partnership grew its stake in Sibanye Gold by 81.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock worth $104,252,000 after purchasing an additional 3,280,972 shares in the last quarter. ABC Arbitrage SA grew its stake in Sibanye Gold by 260.1% in the third quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock worth $45,329,000 after purchasing an additional 2,912,995 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Sibanye Gold by 363.7% in the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after purchasing an additional 2,487,648 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.