Sibanye Gold (NYSE:SBSW) Trading Up 7.4% – What’s Next?

Sibanye Gold Limited (NYSE:SBSW)’s stock price shot up 7.4% on Friday . The company traded as high as $17.14 and last traded at $17.2120. 1,400,296 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 8,437,856 shares. The stock had previously closed at $16.03.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. BMO Capital Markets boosted their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. One 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. According to MarketBeat.com, Sibanye Gold currently has an average rating of “Moderate Buy” and an average target price of $16.03.

Sibanye Gold Stock Up 7.9%

The firm has a 50 day moving average price of $15.90 and a 200 day moving average price of $12.12. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SBSW. First Trust Advisors LP purchased a new position in shares of Sibanye Gold during the 4th quarter valued at about $230,000. Hatch Cove Capital LLC bought a new stake in Sibanye Gold during the 4th quarter worth approximately $15,326,000. Van ECK Associates Corp raised its stake in Sibanye Gold by 4.9% during the 4th quarter. Van ECK Associates Corp now owns 141,048 shares of the company’s stock worth $2,010,000 after acquiring an additional 6,596 shares during the period. Vontobel Holding Ltd. purchased a new position in Sibanye Gold during the fourth quarter valued at approximately $164,000. Finally, Goehring & Rozencwajg Associates LLC boosted its position in shares of Sibanye Gold by 5.3% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 3,539,680 shares of the company’s stock worth $50,440,000 after purchasing an additional 179,650 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.