Sibanye Gold (NYSE:SBSW) Upgraded to Buy at HSBC

HSBC upgraded shares of Sibanye Gold (NYSE:SBSW) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat.com reports. HSBC currently has $24.80 target price on the stock.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.87.

Sibanye Gold Price Performance

SBSW stock opened at $19.46 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. Sibanye Gold has a fifty-two week low of $3.05 and a fifty-two week high of $19.54. The business has a 50-day moving average of $14.31 and a 200-day moving average of $11.25.

Institutional Investors Weigh In On Sibanye Gold

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Sibanye Gold by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after buying an additional 934 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Sibanye Gold by 40.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. raised its holdings in Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after acquiring an additional 1,002 shares during the period. Linden Thomas Advisory Services LLC lifted its position in Sibanye Gold by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 25,438 shares of the company’s stock worth $362,000 after acquiring an additional 1,019 shares during the last quarter. Finally, MAI Capital Management boosted its holdings in shares of Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares during the period. 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.