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

Wall Street Zen upgraded shares of Sibanye Gold (NYSE:SBSW) from a buy rating to a strong-buy rating in a report released on Saturday.

SBSW has been the topic of several other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. Zacks Research upgraded Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Finally, BMO Capital Markets raised their target price on Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.90.

Sibanye Gold Stock Performance

SBSW opened at $12.36 on Friday. 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 1 year low of $3.05 and a 1 year high of $13.40. The stock has a fifty day moving average price of $11.43 and a 200 day moving average price of $9.20.

Institutional Trading of Sibanye Gold

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

Sibanye Gold Company Profile

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.