Sibanye Gold (NYSE:SBSW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sibanye Gold (NYSE:SBSW) from a buy rating to a strong-buy rating in a report issued on Monday.

A number of other brokerages have also recently commented on SBSW. BMO Capital Markets boosted their price target 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. Zacks Research upgraded Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.90.

Sibanye Gold Trading Down 2.0%

NYSE:SBSW opened at $15.08 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53. Sibanye Gold has a one year low of $3.05 and a one year high of $15.43. The company’s 50-day simple moving average is $12.03 and its 200 day simple moving average is $9.89.

Institutional Trading of Sibanye Gold

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lingotto Investment Management LLP grew its position in Sibanye Gold by 0.9% during the 2nd quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock worth $205,268,000 after purchasing an additional 263,600 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock worth $46,246,000 after buying an additional 6,385,932 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Sibanye Gold by 77.0% during the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock worth $34,316,000 after buying an additional 2,068,178 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Sibanye Gold by 15.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company’s stock valued at $45,353,000 after buying an additional 539,447 shares during the last quarter. Finally, ABC Arbitrage SA increased its position 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 valued at $45,329,000 after acquiring an additional 2,912,995 shares during the period. Institutional investors 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.