Sibanye Gold (NYSE:SBSW) Shares Gap Down on Analyst Downgrade

Sibanye Gold Limited (NYSE:SBSW)’s share price gapped down before the market opened on Thursday after Royal Bank Of Canada lowered their price target on the stock from $18.00 to $17.00. The stock had previously closed at $15.88, but opened at $15.08. Royal Bank Of Canada currently has an outperform rating on the stock. Sibanye Gold shares last traded at $15.4150, with a volume of 1,923,949 shares changing hands.

A number of other analysts have also recently issued reports on SBSW. Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. BMO Capital Markets raised their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.93.

Hedge Funds Weigh In On Sibanye Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. increased its position in Sibanye Gold by 4.8% during the 4th quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock valued at $203,000 after purchasing an additional 650 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Sibanye Gold by 6.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock valued at $151,000 after buying an additional 656 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Sibanye Gold by 22.2% during the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after buying an additional 934 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sibanye Gold by 40.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the period. Finally, Blue Trust Inc. increased its holdings in Sibanye Gold by 84.1% during the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after acquiring an additional 1,002 shares during the period. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Gold Stock Performance

The company’s 50 day simple moving average is $16.22 and its 200-day simple moving average is $12.37. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96.

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.