Sibanye Gold (NYSE:SBSW) Upgraded at HSBC

HSBC upgraded shares of Sibanye Gold (NYSE:SBSW) from a hold rating to a buy rating in a report released on Friday morning, Marketbeat reports. HSBC currently has $24.80 target price on the stock.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.87.

Sibanye Gold Stock Up 7.2%

Sibanye Gold stock opened at $19.46 on Friday. Sibanye Gold has a 12-month low of $3.05 and a 12-month high of $19.54. The firm has a 50 day moving average of $14.31 and a 200 day moving average of $11.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

Institutional Trading of Sibanye Gold

Several hedge funds have recently modified their holdings of the company. Lingotto Investment Management LLP grew its holdings in shares of Sibanye Gold by 0.9% in the second quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock valued at $205,268,000 after purchasing an additional 263,600 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Sibanye Gold by 32,992.0% during the second 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 last quarter. Marshall Wace LLP lifted its position in Sibanye Gold by 77.0% during the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock valued at $34,316,000 after purchasing an additional 2,068,178 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Sibanye Gold by 15.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company’s stock worth $45,353,000 after buying an additional 539,447 shares in the last quarter. Finally, ABC Arbitrage SA increased its holdings in shares of Sibanye Gold by 260.1% in the 3rd quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock worth $45,329,000 after buying an additional 2,912,995 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.