Sibanye Gold (NYSE:SBSW) Trading Down 7.1% – Should You Sell?

Sibanye Gold Limited (NYSE:SBSW) dropped 7.1% on Monday . The company traded as low as $16.25 and last traded at $16.4610. Approximately 4,246,353 shares changed hands during trading, a decline of 47% from the average daily volume of 7,989,345 shares. The stock had previously closed at $17.71.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Royal Bank Of Canada cut their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a research note on Friday, January 23rd. BMO Capital Markets increased their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sibanye Gold has an average rating of “Moderate Buy” and a consensus target price of $19.93.

Sibanye Gold Price Performance

The stock has a fifty day moving average of $16.63 and a 200-day moving average of $12.88. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Sibanye Gold Announces Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th will be given a dividend of $0.2614 per share. This represents a dividend yield of 164.0%. The ex-dividend date is Friday, March 20th.

Institutional Trading of Sibanye Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Foster Group Inc. acquired a new position in shares of Sibanye Gold during the third quarter valued at $1,424,000. Arrowstreet Capital Limited Partnership raised its holdings in Sibanye Gold by 1,136.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after purchasing an additional 3,212,833 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Sibanye Gold by 32,992.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after purchasing an additional 6,385,932 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Sibanye Gold by 3,802.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock valued at $2,862,000 after purchasing an additional 248,108 shares during the period. Finally, Hohimer Wealth Management LLC bought a new position in shares of Sibanye Gold in the 3rd quarter valued at about $3,151,000. Institutional investors and hedge funds 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.