Sibanye Gold Limited (NYSE:SBSW) Receives $19.93 Consensus Target Price from Analysts

Sibanye Gold Limited (NYSE:SBSW) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $19.9333.

A number of analysts have recently weighed in on SBSW shares. BMO Capital Markets upped their price objective on Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Royal Bank Of Canada cut their price target on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. HSBC raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a research report on Friday, January 23rd. 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.

Hedge Funds Weigh In On Sibanye Gold

Large investors have recently bought and sold shares of the business. Lingotto Investment Management LLP lifted its stake in Sibanye Gold by 0.9% during the second quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock worth $205,268,000 after purchasing an additional 263,600 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Sibanye Gold by 81.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after acquiring an additional 3,280,972 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Sibanye Gold by 32,992.0% in the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after acquiring an additional 6,385,932 shares in the last quarter. Condire Management LP grew its holdings in shares of Sibanye Gold by 5.6% during the fourth quarter. Condire Management LP now owns 5,244,469 shares of the company’s stock worth $74,734,000 after purchasing an additional 279,540 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Sibanye Gold by 77.0% during the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock worth $34,316,000 after purchasing an additional 2,068,178 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $12.49 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The business has a 50-day moving average of $16.37 and a 200 day moving average of $13.29. Sibanye Gold has a 12 month low of $3.18 and a 12 month high of $21.29.

Sibanye Gold Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be given a $0.2614 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a dividend yield of 164.0%.

Sibanye Gold Company Profile

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.