Sibanye Gold Limited (NYSE:SBSW) Receives Consensus Rating of “Hold” from Analysts

Sibanye Gold Limited (NYSE:SBSW) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $17.9333.

SBSW has been the topic of several recent analyst reports. Zacks Research downgraded shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. BMO Capital Markets cut their target price on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday.

Sibanye Gold Price Performance

Sibanye Gold stock opened at $8.58 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $10.01 and a 200-day moving average of $13.08. Sibanye Gold has a 52 week low of $7.09 and a 52 week high of $21.29.

Insider Transactions at Sibanye Gold

In other news, Director Richard Peter Menell bought 15,000 shares of Sibanye Gold stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $2.19 per share, with a total value of $32,850.00. Following the acquisition, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. This represents a 148.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Sibanye Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sibanye Gold by 21.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock worth $109,687,000 after purchasing an additional 1,587,183 shares during the period. Condire Management LP boosted its holdings in shares of Sibanye Gold by 5.6% in the 4th quarter. Condire Management LP now owns 5,244,469 shares of the company’s stock valued at $74,734,000 after buying an additional 279,540 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in shares of Sibanye Gold in the 4th quarter valued at about $63,023,000. Goehring & Rozencwajg Associates LLC grew its position in shares of Sibanye Gold by 20.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock valued at $52,607,000 after buying an additional 730,389 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of 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 buying an additional 2,370,443 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.