Sibanye Gold (NYSE:SBSW) Cut to Buy at Wall Street Zen

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

A number of other research analysts have also recently commented on the company. BMO Capital Markets upped their target price on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a research report on Friday, January 23rd. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.03.

Sibanye Gold Stock Up 7.4%

Sibanye Gold stock opened at $17.22 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53. Sibanye Gold has a 1-year low of $3.05 and a 1-year high of $21.29. The company’s 50-day moving average is $16.09 and its 200 day moving average is $12.29.

Hedge Funds Weigh In On Sibanye Gold

Several institutional investors have recently made changes to their positions in SBSW. Foster Group Inc. acquired a new stake in Sibanye Gold in the third quarter valued at approximately $1,424,000. Arrowstreet Capital Limited Partnership increased its position in shares of Sibanye Gold by 1,136.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after purchasing an additional 3,212,833 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sibanye Gold by 32,992.0% during the 2nd 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Sibanye Gold by 3,802.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock worth $2,862,000 after purchasing an additional 248,108 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Sibanye Gold by 31.2% during the 2nd quarter. American Century Companies Inc. now owns 1,996,606 shares of the company’s stock worth $14,415,000 after buying an additional 474,386 shares during 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.