Sibanye Gold Limited (NYSE:SBSW) Receives Average Recommendation of “Hold” from Analysts

Shares of Sibanye Gold Limited (NYSE:SBSW) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $19.9333.

Several brokerages have commented on SBSW. Zacks Research downgraded shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. BMO Capital Markets raised their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada dropped their target price on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th.

Insider Buying and Selling

In other Sibanye Gold news, Director Thabane Vincent Maphai acquired 12,000 shares of the stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $13.34 per share, for a total transaction of $160,080.00. Following the completion of the acquisition, the director directly owned 140,178 shares of the company’s stock, valued at approximately $1,869,974.52. This trade represents a 9.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Peter Menell acquired 2,500 shares of the stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the acquisition, the director directly owned 2,500 shares of the company’s stock, valued at $28,575. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.05% of the stock is owned by company insiders.

Institutional Trading of Sibanye Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hohimer Wealth Management LLC acquired a new stake in shares of Sibanye Gold in the third quarter valued at approximately $3,151,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Sibanye Gold by 3,802.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock valued at $2,862,000 after purchasing an additional 248,108 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Sibanye Gold in the third quarter valued at approximately $1,909,000. Envestnet Asset Management Inc. raised its holdings in shares of Sibanye Gold by 741.7% in the third quarter. Envestnet Asset Management Inc. now owns 216,358 shares of the company’s stock valued at $2,432,000 after purchasing an additional 190,654 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its holdings in shares of Sibanye Gold by 5,555.7% in the third quarter. Jefferies Financial Group Inc. now owns 706,965 shares of the company’s stock valued at $7,964,000 after purchasing an additional 694,465 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Gold Price Performance

Shares of SBSW stock opened at $11.85 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The company’s 50 day moving average price is $12.43 and its two-hundred day moving average price is $14.03. Sibanye Gold has a 52 week low of $5.98 and a 52 week high of $21.29.

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.