BMO Capital Markets Raises Sibanye Gold (NYSE:SBSW) Price Target to $18.00

Sibanye Gold (NYSE:SBSW) had its price objective raised by stock analysts at BMO Capital Markets from $14.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 4.83% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Hsbc Global Res raised Sibanye Gold to a “strong-buy” rating in a report on Friday, January 23rd. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a report on Friday, January 23rd. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sibanye Gold currently has a consensus rating of “Moderate Buy” and an average price target of $16.03.

Sibanye Gold Stock Down 1.9%

SBSW opened at $17.17 on Tuesday. Sibanye Gold has a 12-month low of $3.05 and a 12-month high of $21.29. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. The firm’s fifty day moving average price is $15.44 and its 200 day moving average price is $11.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SBSW. Ballentine Partners LLC acquired a new position in shares of Sibanye Gold during the fourth quarter valued at approximately $160,000. Diversify Wealth Management LLC increased its position in shares of Sibanye Gold by 8.2% during the 4th quarter. Diversify Wealth Management LLC now owns 149,214 shares of the company’s stock valued at $2,126,000 after purchasing an additional 11,285 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Sibanye Gold during the 4th quarter valued at $285,000. Pekin Hardy Strauss Inc. raised its stake in shares of Sibanye Gold by 12.9% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 35,000 shares of the company’s stock worth $499,000 after buying an additional 4,000 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Sibanye Gold by 84.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 469,948 shares of the company’s stock valued at $6,697,000 after buying an additional 215,315 shares during the period. 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.