Royal Bank Of Canada Cuts Sibanye Gold (NYSE:SBSW) Price Target to $17.00

Sibanye Gold (NYSE:SBSW) had its target price lowered by equities research analysts at Royal Bank Of Canada from $18.00 to $17.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 11.53% from the stock’s current price.

SBSW has been the subject of several other research reports. BMO Capital Markets increased their price objective on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price for the company in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sibanye Gold currently has an average rating of “Moderate Buy” and an average target price of $19.93.

Sibanye Gold Price Performance

NYSE SBSW traded down $0.64 on Thursday, hitting $15.24. 2,938,141 shares of the stock were exchanged, compared to its average volume of 8,294,763. Sibanye Gold has a 52-week low of $3.05 and a 52-week high of $21.29. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average price of $16.22 and a two-hundred day moving average price of $12.37.

Institutional Trading of Sibanye Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC boosted its position in shares of Sibanye Gold by 12.8% during the 4th quarter. Corient Private Wealth LLC now owns 25,387 shares of the company’s stock worth $362,000 after purchasing an additional 2,889 shares during the period. Mackenzie Financial Corp raised its stake in shares of Sibanye Gold by 4.5% during the 4th quarter. Mackenzie Financial Corp now owns 227,499 shares of the company’s stock worth $3,315,000 after buying an additional 9,886 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Sibanye Gold by 70.6% in the fourth quarter. Empowered Funds LLC now owns 46,871 shares of the company’s stock valued at $668,000 after buying an additional 19,392 shares in the last quarter. XTX Topco Ltd acquired a new position in Sibanye Gold during the fourth quarter worth $1,832,000. Finally, SummitTX Capital L.P. raised its position in Sibanye Gold by 37.3% in the fourth quarter. SummitTX Capital L.P. now owns 434,219 shares of the company’s stock worth $6,188,000 after acquiring an additional 117,967 shares in the last quarter. 34.93% of the stock is currently owned by hedge funds and other 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.