Sibanye Gold (NYSE:SBSW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sibanye Gold (NYSE:SBSW) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Several other brokerages also recently commented on SBSW. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective for the company in a research note on Thursday, August 13th. BMO Capital Markets decreased their target price on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Finally, Zacks Research cut Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.82.

Sibanye Gold Price Performance

SBSW opened at $12.89 on Friday. The company’s 50 day moving average is $10.11 and its 200-day moving average is $11.55. Sibanye Gold has a 1-year low of $7.87 and a 1-year high of $21.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.72.

Sibanye Gold Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Investors of record on Friday, September 18th will be issued a $0.4985 dividend. This represents a yield of 795.0%. The ex-dividend date is Friday, September 18th.

Insider Transactions at Sibanye Gold

In other Sibanye Gold news, Director Richard Menell bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the transaction, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sibanye Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. lifted its holdings in shares of Sibanye Gold by 4.8% during the fourth quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock worth $203,000 after purchasing an additional 650 shares during the period. EverSource Wealth Advisors LLC raised its position in Sibanye Gold by 6.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock worth $151,000 after purchasing an additional 656 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 worth $39,000 after purchasing an additional 1,000 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Sibanye Gold by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock worth $192,000 after buying an additional 1,178 shares during the period. Finally, Fermata Advisors LLC lifted its holdings in Sibanye Gold by 12.4% during the 2nd quarter. Fermata Advisors LLC now owns 11,313 shares of the company’s stock worth $96,000 after buying an additional 1,250 shares during the period. 34.93% of the stock is currently 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.