Sibanye Gold (NYSE:SBSW) Stock Price Down 4.6% – Time to Sell?

Shares of Sibanye Gold Limited (NYSE:SBSW) dropped 4.6% during mid-day trading on Tuesday . The company traded as low as $12.59 and last traded at $12.5290. Approximately 1,036,655 shares were traded during trading, a decline of 89% from the average daily volume of 9,079,847 shares. The stock had previously closed at $13.13.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SBSW shares. BMO Capital Markets increased their target price on Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. Zacks Research upgraded Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.90.

Sibanye Gold Stock Down 1.1%

The business’s fifty day moving average price is $11.37 and its 200-day moving average price is $9.10. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On Sibanye Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Sibanye Gold by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after buying an additional 934 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the last quarter. MAI Capital Management grew 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 valued at $28,000 after acquiring an additional 1,169 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Sibanye Gold by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock worth $192,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Fermata Advisors LLC lifted its holdings in shares of Sibanye Gold by 11.8% in the 3rd quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock worth $151,000 after acquiring an additional 1,418 shares during the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

About Sibanye Gold

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.