Sibanye Gold (NYSE:SBSW) Upgraded by Wall Street Zen to Strong-Buy Rating

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

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

Sibanye Gold Stock Up 0.0%

Shares of NYSE SBSW opened at $12.36 on Friday. The company’s fifty day simple moving average is $11.43 and its 200 day simple moving average is $9.17. 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 12-month low of $3.05 and a 12-month high of $13.40.

Institutional Investors Weigh In On Sibanye Gold

Several institutional investors have recently added to or reduced their stakes in the business. MAI Capital Management boosted its holdings in Sibanye Gold by 87.8% in the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after buying an additional 1,169 shares during the period. GAMMA Investing LLC grew its position in Sibanye Gold by 112.2% during the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after buying an additional 2,228 shares in the last quarter. Archer Investment Corp bought a new position in shares of Sibanye Gold in the third quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Sibanye Gold in the 2nd quarter worth $36,000. Finally, PNC Financial Services Group Inc. raised its position in Sibanye Gold by 116.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after purchasing an additional 1,777 shares in the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

About Sibanye Gold

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.