Sibanye Gold (NYSE:SBSW) Price Target Cut to $17.00 by Analysts at Royal Bank Of Canada

Sibanye Gold (NYSE:SBSW) had its target price decreased by analysts at Royal Bank Of Canada from $18.00 to $17.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 11.53% from the company’s previous close.

SBSW has been the subject of a number of other reports. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a report on Friday, January 23rd. BMO Capital Markets boosted their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Sibanye Gold has a consensus rating of “Moderate Buy” and an average target price of $19.93.

Sibanye Gold Stock Down 4.0%

SBSW traded down $0.64 during midday trading on Thursday, reaching $15.24. 2,938,141 shares of the company’s stock were exchanged, compared to its average volume of 8,294,763. The business’s 50-day moving average price is $16.22 and its 200 day moving average price is $12.37. Sibanye Gold has a 1-year low of $3.05 and a 1-year high of $21.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89.

Institutional Investors Weigh In On Sibanye Gold

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Sibanye Gold by 113.9% during the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock worth $183,000 after acquiring an additional 21,248 shares in the last quarter. Millennium Management LLC grew its stake in Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after buying an additional 2,487,648 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after acquiring an additional 2,370,443 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Sibanye Gold during the first quarter valued at about $55,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Sibanye Gold by 120.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 43,686 shares of the company’s stock valued at $315,000 after purchasing an additional 23,880 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.