Sibanye Gold (NYSE:SBSW) Upgraded at Citigroup

Citigroup upgraded shares of Sibanye Gold (NYSE:SBSW) from a neutral rating to a buy rating in a research report sent to investors on Thursday, Marketbeat.com reports. The firm currently has $13.50 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets dropped their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 14th. Zacks Research cut shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Sibanye Gold has an average rating of “Hold” and an average price target of $16.82.

Sibanye Gold Stock Up 2.7%

Shares of NYSE SBSW opened at $10.77 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. The stock has a 50 day moving average price of $9.18 and a 200 day moving average price of $12.22. Sibanye Gold has a 52 week low of $7.09 and a 52 week high of $21.29.

Insider Transactions at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell acquired 15,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the purchase, the director directly owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. This represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Moors & Cabot Inc. raised its stake in Sibanye Gold by 4.8% in the 4th quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock valued at $203,000 after acquiring an additional 650 shares during the period. EverSource Wealth Advisors LLC boosted its position in Sibanye Gold by 6.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock worth $151,000 after purchasing an additional 656 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Sibanye Gold by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock valued at $192,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Fermata Advisors LLC increased its holdings in shares of Sibanye Gold by 12.4% in the second quarter. Fermata Advisors LLC now owns 11,313 shares of the company’s stock valued at $96,000 after purchasing an additional 1,250 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

About Sibanye Gold

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.