Sibanye Gold (NYSE:SBSW) Shares Gap Up – What’s Next?

Shares of Sibanye Gold Limited (NYSE:SBSW) gapped up prior to trading on Wednesday . The stock had previously closed at $11.00, but opened at $11.73. Sibanye Gold shares last traded at $11.8120, with a volume of 2,117,855 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research upgraded shares of Sibanye Gold to a “hold” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.90.

Sibanye Gold Trading Up 0.0%

The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $10.81 and a 200-day simple moving average of $8.59.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Sibanye Gold by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after purchasing an additional 934 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Sibanye Gold by 40.3% during the 3rd 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. MAI Capital Management raised its stake in Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after buying an additional 1,169 shares during the period. Ameriprise Financial Inc. boosted its holdings in Sibanye Gold by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock worth $192,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Fermata Advisors LLC grew its stake in Sibanye Gold by 11.8% in the third quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock valued at $151,000 after acquiring an additional 1,418 shares during the period. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.