Sibanye Gold (NYSE:SBSW) Given New $17.00 Price Target at Royal Bank Of Canada

Sibanye Gold (NYSE:SBSW) had its price target decreased by Royal Bank Of Canada from $18.00 to $17.00 in a research report sent to investors on Thursday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

SBSW has been the topic of several other reports. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. BMO Capital Markets lifted their target price 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. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sibanye Gold has a consensus rating of “Moderate Buy” and a consensus price target of $19.93.

Sibanye Gold Stock Performance

Shares of NYSE SBSW opened at $15.27 on Thursday. Sibanye Gold has a 12-month low of $3.05 and a 12-month high of $21.29. The firm’s 50-day simple moving average is $16.27 and its 200 day simple moving average is $12.39. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96.

Institutional Trading of Sibanye Gold

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MAI Capital Management boosted its stake in Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Sibanye Gold during the fourth quarter worth $29,000. Blue Trust Inc. grew its holdings in shares of Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after buying an additional 1,002 shares during the period. Archer Investment Corp acquired a new position in shares of Sibanye Gold in the 3rd quarter valued at $34,000. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 owned by institutional investors.

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.