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 six analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $16.8250.

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. BMO Capital Markets dropped their target price on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, July 14th. Zacks Research lowered Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded Sibanye Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Citigroup upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a report on Thursday, August 13th.

Sibanye Gold Price Performance

Sibanye Gold stock opened at $12.81 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 0.86. The firm has a fifty day simple moving average of $9.93 and a two-hundred day simple moving average of $11.63. Sibanye Gold has a twelve month low of $7.87 and a twelve month high of $21.29.

Sibanye Gold Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th will be issued a dividend of $0.4985 per share. This represents a dividend yield of 795.0%. The ex-dividend date is Friday, September 18th.

Insider Activity

In other Sibanye Gold news, Director Richard Menell bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the purchase, the director directly owned 25,125 shares of the company’s stock, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.05% of the stock is owned by insiders.

Hedge Funds Weigh In On Sibanye Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc raised its holdings in Sibanye Gold by 1,462.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,872 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Sibanye Gold by 116.8% in the third 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. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 buying an additional 1,000 shares during the period. GeoWealth Management LLC purchased a new stake in Sibanye Gold in the third quarter worth about $43,000. Finally, US Bancorp DE raised its position in shares of Sibanye Gold by 2,664.2% in the 3rd quarter. US Bancorp DE now owns 4,091 shares of the company’s stock worth $46,000 after acquiring an additional 3,943 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

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.