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

Sibanye Gold (NYSE:SBSW) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

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

Sibanye Gold Trading Up 2.8%

NYSE:SBSW opened at $14.30 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53. Sibanye Gold has a 1 year low of $3.05 and a 1 year high of $14.60. The business has a fifty day moving average of $11.83 and a 200-day moving average of $9.73.

Institutional Trading of Sibanye Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MAI Capital Management lifted its stake in Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after purchasing an additional 1,169 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Sibanye Gold by 112.2% in the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock valued at $30,000 after buying an additional 2,228 shares in the last quarter. Archer Investment Corp acquired a new stake in shares of Sibanye Gold during the 3rd quarter valued at $34,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of 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% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after acquiring an additional 1,777 shares during the last quarter. 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.