Sibanye Gold Limited (NYSE:SBSW) Stock Has Consensus Price Target of $16.32 According to Brokerages

Sibanye Gold Limited (NYSE:SBSW) has received an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.32.

A number of analysts have recently issued reports on the stock. Citigroup upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective on the stock in a report on Thursday, August 13th. BMO Capital Markets reduced their target price on shares of 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 downgraded shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 6th. Finally, Royal Bank Of Canada cut their price objective on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th.

Hedge Funds Weigh In On Sibanye Gold

A number of institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its stake in Sibanye Gold by 21.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock valued at $109,687,000 after acquiring an additional 1,587,183 shares during the period. Goehring & Rozencwajg Associates LLC increased its stake in shares of Sibanye Gold by 20.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock worth $52,607,000 after purchasing an additional 730,389 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Sibanye Gold by 31.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,762,347 shares of the company’s stock worth $33,977,000 after purchasing an additional 655,929 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Sibanye Gold during the 1st quarter worth approximately $22,507,000. Finally, MAC Alpha Capital Management LP boosted its stake in Sibanye Gold by 81.4% in the 2nd quarter. MAC Alpha Capital Management LP now owns 1,588,307 shares of the company’s stock valued at $13,486,000 after purchasing an additional 712,537 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of SBSW stock opened at $8.59 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.72. Sibanye Gold has a 52 week low of $7.87 and a 52 week high of $21.29. The company’s 50 day moving average price is $10.86 and its two-hundred day moving average price is $12.08.

Sibanye Gold Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 6th. Investors of record on Friday, September 18th were issued a dividend of $0.4985 per share. The ex-dividend date was Friday, September 18th. This represents a yield of 856.0%.

About Sibanye Gold

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals company headquartered in South Africa. The company produces precious metals, including platinum-group metals (PGMs) and gold, and is also developing interests in battery metals and metals recycling.

The company was established in 2013 when Gold Fields separated several of its South African gold assets into a separately listed business. Sibanye expanded internationally through the acquisition of Stillwater Mining Company in the United States in 2017 and Lonmin in 2019.