Sibanye Gold (NYSE:SBSW) Shares Gap Down – What’s Next?

Sibanye Gold Limited (NYSE:SBSW)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $14.41, but opened at $13.71. Sibanye Gold shares last traded at $13.6660, with a volume of 1,665,917 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Royal Bank Of Canada lowered their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, BMO Capital Markets boosted 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. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.93.

Sibanye Gold Trading Down 5.4%

The company’s 50 day simple moving average is $16.59 and its two-hundred day simple moving average is $13.10. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

Sibanye Gold Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be paid a $0.2614 dividend. This represents a yield of 164.0%. The ex-dividend date of this dividend is Friday, March 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SBSW. Foster Group Inc. bought a new position in Sibanye Gold in the third quarter valued at approximately $1,424,000. Arrowstreet Capital Limited Partnership increased its holdings in Sibanye Gold by 1,136.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after buying an additional 3,212,833 shares during the last quarter. JPMorgan Chase & Co. raised its position in Sibanye Gold by 32,992.0% during the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock worth $46,246,000 after acquiring an additional 6,385,932 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in Sibanye Gold in the third quarter valued at $3,151,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Sibanye Gold by 3,802.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock worth $2,862,000 after purchasing an additional 248,108 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.