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

Sibanye Gold (NYSE:SBSW) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other equities analysts also recently commented on SBSW. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday. BMO Capital Markets cut their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective on the stock in a research report on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.82.

Sibanye Gold Stock Performance

SBSW opened at $12.89 on Monday. Sibanye Gold has a one year low of $7.87 and a one year high of $21.29. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62. The business has a 50 day simple moving average of $10.11 and a two-hundred day simple moving average of $11.55.

Insider Transactions at Sibanye Gold

In other news, Director Richard Menell acquired 15,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $2.19 per share, with a total value of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares of the company’s stock, valued at $55,023.75. This represents a 148.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its holdings in shares of Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,872 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after purchasing an additional 1,777 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sibanye Gold by 40.3% in 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 last quarter. GeoWealth Management LLC purchased a new position in shares of Sibanye Gold in the third quarter worth $43,000. Finally, US Bancorp DE lifted its holdings in shares of Sibanye Gold by 2,664.2% during the third quarter. US Bancorp DE now owns 4,091 shares of the company’s stock valued at $46,000 after purchasing an additional 3,943 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.