Sibanye Gold (NYSE:SBSW) Lowered to “Buy” Rating by Wall Street Zen

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

SBSW has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. BMO Capital Markets upped their target price on Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday, September 2nd. Finally, Zacks Research raised Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sibanye Gold currently has a consensus rating of “Hold” and a consensus price target of $6.90.

Sibanye Gold Price Performance

NYSE:SBSW opened at $13.29 on Friday. Sibanye Gold has a twelve month low of $3.05 and a twelve month high of $14.08. The company’s 50-day moving average price is $11.58 and its 200-day moving average price is $9.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

Institutional Investors Weigh In On Sibanye Gold

A number of institutional investors and hedge funds have recently made changes to their positions in SBSW. MAI Capital Management grew its position in Sibanye Gold by 87.8% in the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after acquiring an additional 1,169 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Sibanye Gold by 112.2% during the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after purchasing an additional 2,228 shares in the last quarter. Archer Investment Corp purchased a new stake in Sibanye Gold in the third quarter valued at approximately $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in Sibanye Gold during the 2nd quarter worth $36,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of 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 buying an additional 1,777 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

About Sibanye Gold

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.