Sibanye Gold Limited (NYSE:SBSW) Stock Has Average Target Price of $16.32 According to Analysts

Shares of Sibanye Gold Limited (NYSE:SBSW) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $16.32.

A number of brokerages have recently issued reports on SBSW. BMO Capital Markets cut their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, July 14th. Weiss Ratings raised Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Royal Bank Of Canada lowered their price target on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 6th. Finally, Zacks Research raised Sibanye Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th.

Institutional Trading of Sibanye Gold

Several large investors have recently modified their holdings of SBSW. AdvisorNet Financial Inc grew its stake in shares of Sibanye Gold by 1,462.5% during the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,872 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Sibanye Gold by 3,289.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,915 shares of the company’s stock worth $70,000 after buying an additional 4,770 shares during the period. Blue Trust Inc. boosted its holdings in Sibanye Gold by 127.4% in the first quarter. Blue Trust Inc. now owns 4,987 shares of the company’s stock valued at $61,000 after acquiring an additional 2,794 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Sibanye Gold in the fourth quarter valued at $73,000. Finally, Stevens Capital Partners purchased a new stake in shares of Sibanye Gold during the 1st quarter worth about $124,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Gold Price Performance

Shares of SBSW stock opened at $9.97 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 1.37. Sibanye Gold has a 12-month low of $7.87 and a 12-month high of $21.29. The stock has a 50 day simple moving average of $11.08 and a 200-day simple moving average of $11.06.

Sibanye Gold Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.4985 per share. This represents a yield of 856.0%. The ex-dividend date is Friday, September 18th.

Sibanye Gold Company Profile

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals processing company headquartered in South Africa. The company was established in 2012 after being spun out of Gold Fields’ South African mining operations and adopted the Sibanye-Stillwater name following its acquisition of Stillwater Mining Company in the United States in 2017.

Sibanye-Stillwater is primarily involved in the production of platinum-group metals, including platinum, palladium and rhodium, as well as gold and selected battery and base metals.