Wall Street Zen Upgrades Sibanye Gold (NYSE:SBSW) to “Strong-Buy”

Sibanye Gold (NYSE:SBSW) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday, Wall Street Zen reports.

A number of other brokerages have also recently commented on SBSW. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. BMO Capital Markets dropped their target price on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Zacks Research lowered Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Finally, Citigroup raised Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a research report on Thursday, August 13th. Three 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.82.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $12.81 on Friday. Sibanye Gold has a twelve month low of $7.87 and a twelve month high of $21.29. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average price of $10.02 and a 200 day moving average price of $11.57.

Insiders Place Their Bets

In related news, Director Richard Menell bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $2.19 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is owned by insiders.

Institutional Trading of Sibanye Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in SBSW. AdvisorNet Financial Inc boosted its holdings in shares of Sibanye Gold by 1,462.5% in the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,872 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Sibanye Gold by 116.8% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares in the last quarter. GeoWealth Management LLC acquired a new stake in Sibanye Gold in the third quarter worth approximately $43,000. Finally, US Bancorp DE lifted its position in Sibanye Gold by 2,664.2% in the third quarter. US Bancorp DE now owns 4,091 shares of the company’s stock worth $46,000 after purchasing an additional 3,943 shares during the period. 34.93% of the stock is currently owned by institutional investors.

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.