Sibanye Gold Limited (NYSE:SBSW) Given Average Recommendation of “Moderate Buy” by Brokerages

Sibanye Gold Limited (NYSE:SBSW) has received an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.8667.

A number of equities research analysts have commented on SBSW shares. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a research note on Friday. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SBSW. MAI Capital Management increased its position in shares of 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Sibanye Gold in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC boosted its position in shares of Sibanye Gold by 112.2% during the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock valued at $30,000 after buying an additional 2,228 shares during the last quarter. Blue Trust Inc. grew its holdings in Sibanye Gold by 84.1% during the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares in the last quarter. Finally, Archer Investment Corp purchased a new stake in Sibanye Gold in the 3rd quarter valued at $34,000. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Price Performance

Sibanye Gold stock opened at $18.17 on Friday. Sibanye Gold has a 52-week low of $3.05 and a 52-week high of $18.53. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. The stock’s 50 day moving average price is $14.15 and its two-hundred day moving average price is $11.17.

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.