Sibanye Gold (NYSE:SBSW) Shares Gap Down – What’s Next?

Sibanye Gold Limited (NYSE:SBSW)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $14.41, but opened at $13.71. Sibanye Gold shares last traded at $13.6660, with a volume of 1,665,917 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Royal Bank Of Canada reduced their price target on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a research note on Friday, January 23rd. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sibanye Gold currently has an average rating of “Moderate Buy” and a consensus price target of $19.93.

Sibanye Gold Price Performance

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 business has a 50-day simple moving average of $16.59 and a 200-day simple moving average of $13.10.

Sibanye Gold Announces Dividend

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

Institutional Trading of Sibanye Gold

Hedge funds have recently bought and sold shares of the stock. MAI Capital Management increased its holdings in shares of Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after purchasing an additional 1,169 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Sibanye Gold during the fourth quarter worth about $29,000. Blue Trust Inc. grew its position in Sibanye Gold by 84.1% during the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares in the last quarter. Archer Investment Corp bought a new position in Sibanye Gold during the third quarter valued at about $34,000. Finally, PNC Financial Services Group Inc. increased its stake in Sibanye Gold by 116.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after acquiring an additional 1,777 shares during the period. 34.93% of the stock is owned by institutional investors.

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.