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

Sibanye Gold Limited (NYSE:SBSW) shares gapped down prior to trading on Wednesday . The stock had previously closed at $13.36, but opened at $12.22. Sibanye Gold shares last traded at $12.4320, with a volume of 1,251,151 shares changing hands.

Wall Street Analysts Forecast Growth

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

Sibanye Gold Stock Performance

The business has a fifty day moving average of $16.30 and a two-hundred day moving average of $13.28. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Sibanye Gold Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be issued a $0.2614 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 283.0%.

Insider Buying and Selling at Sibanye Gold

In other news, Director Thabane Vincent Maphai purchased 12,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $13.34 per share, with a total value of $160,080.00. Following the purchase, the director directly owned 140,178 shares of the company’s stock, valued at $1,869,974.52. This represents a 9.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sibanye Gold

A number of large investors have recently added to or reduced their stakes in the business. MAI Capital Management raised its position in Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Sibanye Gold in the fourth quarter valued at approximately $29,000. Blue Trust Inc. grew its position in shares of Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the last quarter. Archer Investment Corp purchased a new position in shares of Sibanye Gold during the 3rd quarter worth approximately $34,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Sibanye Gold by 116.8% during 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 during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.