Sibanye Gold (NYSE:SBSW) Given New $15.00 Price Target at Royal Bank Of Canada

Sibanye Gold (NYSE:SBSW) had its price target lowered by equities researchers at Royal Bank Of Canada from $16.50 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 27.39% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets reduced 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 raised shares of Sibanye Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Citigroup raised Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sibanye Gold currently has an average rating of “Hold” and an average price target of $16.32.

Sibanye Gold Trading Down 0.5%

SBSW stock traded down $0.07 during midday trading on Wednesday, reaching $11.78. The stock had a trading volume of 2,390,338 shares, compared to its average volume of 6,007,609. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 1.37. The business has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $11.42. Sibanye Gold has a twelve month low of $7.87 and a twelve month high of $21.29.

Insider Buying and Selling

In related news, Director Richard Menell acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Sibanye Gold

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake in Sibanye Gold by 21.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock valued at $109,687,000 after buying an additional 1,587,183 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its position in Sibanye Gold by 20.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock worth $52,607,000 after acquiring an additional 730,389 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sibanye Gold by 31.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,762,347 shares of the company’s stock worth $33,977,000 after acquiring an additional 655,929 shares during the period. BNP Paribas Financial Markets grew its position in shares of Sibanye Gold by 28.7% in the fourth quarter. BNP Paribas Financial Markets now owns 2,255,549 shares of the company’s stock valued at $32,142,000 after purchasing an additional 503,180 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Sibanye Gold in the first quarter valued at approximately $22,507,000. Institutional investors own 34.93% of the company’s stock.

Sibanye Gold Company Profile

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields’ South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.