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

Wall Street Zen upgraded shares of Sibanye Gold (NYSE:SBSW) from a hold rating to a buy rating in a research note published on Saturday.

Several other analysts have also issued reports on SBSW. BMO Capital Markets cut their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Citigroup raised Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 target price for the company in a research note on Thursday, August 13th. Finally, Zacks Research cut Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.82.

Sibanye Gold Stock Performance

Shares of NYSE:SBSW opened at $12.12 on Friday. The company’s fifty day moving average is $9.59 and its 200 day moving average is $11.79. Sibanye Gold has a 52 week low of $7.36 and a 52 week high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73.

Insider Buying and Selling

In other news, Director Richard Peter Menell purchased 15,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $2.19 per share, with a total value of $32,850.00. Following the transaction, the director directly owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. This represents a 148.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sibanye Gold

A number of hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in shares of Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,872 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Sibanye Gold by 116.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after purchasing an additional 1,777 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the period. GeoWealth Management LLC purchased a new position in Sibanye Gold during the 3rd quarter valued at about $43,000. Finally, US Bancorp DE raised its position in Sibanye Gold by 2,664.2% during the 3rd quarter. US Bancorp DE now owns 4,091 shares of the company’s stock valued at $46,000 after purchasing an additional 3,943 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.