Sibanye Gold (NYSE:SBSW) Stock Rating Upgraded by HSBC

Sibanye Gold (NYSE:SBSW) was upgraded by equities researchers at HSBC from a “hold” rating to a “buy” rating in a report issued on Friday,Finviz reports. The brokerage presently has a $24.80 target price on the stock. HSBC’s target price suggests a potential upside of 36.49% from the company’s previous close.

A number of other research firms have also issued reports on SBSW. Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.87.

Sibanye Gold Trading Up 4.5%

Shares of SBSW stock opened at $18.17 on Friday. Sibanye Gold has a twelve month low of $3.05 and a twelve month high of $18.53. The company’s 50-day moving average price is $14.15 and its 200-day moving average price is $11.17. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

Hedge Funds Weigh In On Sibanye Gold

A number of institutional investors have recently bought and sold shares of SBSW. Lingotto Investment Management LLP increased its holdings in Sibanye Gold by 0.9% in the second quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock worth $205,268,000 after buying an additional 263,600 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after purchasing an additional 6,385,932 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Sibanye Gold by 77.0% in the 2nd quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock valued at $34,316,000 after purchasing an additional 2,068,178 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Sibanye Gold by 15.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company’s stock valued at $45,353,000 after buying an additional 539,447 shares during the period. Finally, ABC Arbitrage SA boosted its position in shares of Sibanye Gold by 260.1% during the third quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock worth $45,329,000 after purchasing an additional 2,912,995 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Company Profile

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.