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

Shares of Sibanye Gold Limited (NYSE:SBSW) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.32.

Several brokerages have recently weighed in on SBSW. BMO Capital Markets dropped their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 14th. Zacks Research raised shares of Sibanye Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Citigroup upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective for the company in a research report on Thursday, August 13th. Weiss Ratings raised Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 6th.

Sibanye Gold Trading Down 0.0%

Shares of Sibanye Gold stock opened at $10.02 on Wednesday. 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 fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $11.01. Sibanye Gold has a 1 year low of $7.87 and a 1 year high of $21.29.

Sibanye Gold Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, October 6th. Shareholders of record on Friday, September 18th were issued a $0.4985 dividend. This represents a yield of 856.0%. The ex-dividend date of this dividend was Friday, September 18th.

Institutional Investors Weigh In On Sibanye Gold

A number of hedge funds and other institutional investors have recently modified their holdings of SBSW. MAC Alpha Capital Management LP boosted its position in shares of Sibanye Gold by 81.4% in the second quarter. MAC Alpha Capital Management LP now owns 1,588,307 shares of the company’s stock valued at $13,486,000 after acquiring an additional 712,537 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Sibanye Gold in the 2nd quarter worth about $6,479,000. Engineers Gate Manager LP boosted its holdings in Sibanye Gold by 67.9% in the 2nd quarter. Engineers Gate Manager LP now owns 518,732 shares of the company’s stock valued at $4,404,000 after purchasing an additional 209,804 shares during the period. Nykredit A S bought a new stake in Sibanye Gold in the 2nd quarter valued at about $140,000. Finally, Burford Brothers Inc. acquired a new position in shares of Sibanye Gold during the 2nd quarter worth approximately $255,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

About Sibanye Gold

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals processing company headquartered in South Africa. The company was established in 2012 after being spun out of Gold Fields’ South African mining operations and adopted the Sibanye-Stillwater name following its acquisition of Stillwater Mining Company in the United States in 2017.

Sibanye-Stillwater is primarily involved in the production of platinum-group metals, including platinum, palladium and rhodium, as well as gold and selected battery and base metals.