Sibanye Gold Limited (NYSE:SBSW) Receives Average Rating of “Hold” from Brokerages

Sibanye Gold Limited (NYSE:SBSW) has been assigned an average rating of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $19.9333.

A number of research analysts have issued reports on the company. Zacks Research cut Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st.

Insider Buying and Selling at Sibanye Gold

In other Sibanye Gold news, Director Richard Peter Menell purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the purchase, the director directly owned 2,500 shares of the company’s stock, valued at $28,575. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc raised its stake in shares of Sibanye Gold by 1,462.5% in the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,872 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Sibanye Gold in the fourth quarter worth $29,000. Blue Trust Inc. raised its stake in shares of Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares during the last quarter. MAI Capital Management raised its stake in shares of Sibanye Gold by 87.8% in the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after purchasing an additional 1,169 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Sibanye Gold by 116.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after purchasing an additional 1,777 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Stock Performance

Shares of NYSE:SBSW opened at $9.71 on Monday. The stock has a fifty day simple moving average of $11.91 and a two-hundred day simple moving average of $13.88. Sibanye Gold has a 12-month low of $6.80 and a 12-month high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73.

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.