Sibanye Gold Limited (NYSE:SBSW) Receives $12.87 Average Price Target from Analysts

Shares of Sibanye Gold Limited (NYSE:SBSW) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.8667.

A number of brokerages have commented on SBSW. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a report on Friday, January 23rd. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st.

Institutional Investors Weigh In On Sibanye Gold

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of Sibanye Gold by 113.9% in the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock valued at $183,000 after purchasing an additional 21,248 shares in the last quarter. Millennium Management LLC lifted its stake in Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after acquiring an additional 2,487,648 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after acquiring an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sibanye Gold in the 1st quarter valued at about $55,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Sibanye Gold in the second quarter worth approximately $919,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $20.08 on Friday. The firm has a fifty day moving average of $14.66 and a 200-day moving average of $11.46. Sibanye Gold has a 52-week low of $3.05 and a 52-week high of $20.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

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.