Sibanye Gold Limited (NYSE:SBSW) Given Consensus Rating of “Hold” by Brokerages

Sibanye Gold Limited (NYSE:SBSW) has received an average recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a 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 $19.9333.

Several brokerages have recently issued reports on SBSW. Zacks Research lowered shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. BMO Capital Markets raised their target price on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada cut their price target on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th.

Sibanye Gold Trading Down 2.6%

Shares of NYSE SBSW opened at $11.85 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. Sibanye Gold has a 1 year low of $5.98 and a 1 year high of $21.29. The firm’s 50-day moving average is $12.43 and its 200-day moving average is $14.03.

Insider Buying and Selling

In other news, Director Thabane Vincent Maphai purchased 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $13.34 per share, for a total transaction of $160,080.00. Following the transaction, the director directly owned 140,178 shares of the company’s stock, valued at approximately $1,869,974.52. The trade was a 9.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Peter Menell purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the transaction, the director directly owned 2,500 shares in the company, valued at $28,575. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Sibanye Gold

A number of hedge funds have recently modified their holdings of SBSW. Price T Rowe Associates Inc. MD acquired a new stake in shares of Sibanye Gold in the 4th quarter valued at approximately $63,023,000. Deutsche Bank AG acquired a new stake in shares of Sibanye Gold in the 4th quarter valued at approximately $49,435,000. Arrowstreet Capital Limited Partnership raised its position in shares of Sibanye Gold by 81.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after acquiring an additional 3,280,972 shares during the period. ABC Arbitrage SA raised its position in shares of Sibanye Gold by 260.1% in the 3rd quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock valued at $45,329,000 after acquiring an additional 2,912,995 shares during the period. Finally, Millennium Management LLC raised its position in shares of 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 acquiring an additional 2,487,648 shares during the period. 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.