Sibanye Gold (NYSE:SBSW) Upgraded to “Buy” at Citigroup

Sibanye Gold (NYSE:SBSW) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a $13.50 target price on the stock. Citigroup’s price target points to a potential upside of 25.93% from the stock’s previous close.

A number of other brokerages have also commented on SBSW. BMO Capital Markets decreased their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. Wall Street Zen lowered shares of Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Zacks Research lowered shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.82.

Sibanye Gold Stock Performance

Shares of SBSW opened at $10.72 on Thursday. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average price of $9.19 and a 200-day moving average price of $12.30. Sibanye Gold has a 12-month low of $7.09 and a 12-month high of $21.29.

Insider Activity

In other news, Director Richard Peter Menell acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director owned 25,125 shares in the company, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its holdings in shares of Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,872 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after purchasing an additional 1,777 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $39,000 after purchasing an additional 1,000 shares during the last quarter. GeoWealth Management LLC purchased a new stake in Sibanye Gold during the 3rd quarter valued at about $43,000. Finally, US Bancorp DE increased its stake in Sibanye Gold by 2,664.2% during the 3rd quarter. US Bancorp DE now owns 4,091 shares of the company’s stock valued at $46,000 after purchasing an additional 3,943 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Sibanye Gold Company Profile

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.