Sibanye Gold (NYSE:SBSW) Downgraded to “Hold” Rating by Wall Street Zen

Sibanye Gold (NYSE:SBSW) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other brokerages also recently commented on SBSW. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Zacks Research cut shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.93.

Sibanye Gold Price Performance

Shares of NYSE SBSW traded down $0.02 during mid-day trading on Friday, reaching $8.54. 4,143,794 shares of the company’s stock were exchanged, compared to its average volume of 5,341,612. Sibanye Gold has a twelve month low of $7.09 and a twelve month high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $13.42.

Insider Activity at Sibanye Gold

In other news, Director Richard Peter Menell acquired 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the transaction, the director directly owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. This represents a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sibanye Gold

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD acquired a new position in Sibanye Gold during the 4th quarter worth approximately $63,023,000. Deutsche Bank AG acquired a new stake in shares of Sibanye Gold in the fourth quarter valued at approximately $49,435,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Sibanye Gold by 81.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock worth $104,252,000 after purchasing an additional 3,280,972 shares in the last quarter. Millennium Management LLC lifted its position in shares of Sibanye Gold by 363.7% in the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after purchasing an additional 2,487,648 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after purchasing an additional 2,370,443 shares during 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.