Sibanye Gold Limited (NYSE:SBSW) Given Average Recommendation of “Hold” by Analysts

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

SBSW has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday. Zacks Research cut shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Sibanye Gold Price Performance

SBSW stock opened at $8.09 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $10.34 and a 200-day moving average of $13.21. Sibanye Gold has a 12-month low of $7.09 and a 12-month high of $21.29.

Insider Activity at Sibanye Gold

In other news, Director Richard Peter Menell purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the purchase, the director owned 25,125 shares of the company’s stock, valued at $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sibanye Gold

Several institutional investors have recently added to or reduced their stakes in SBSW. Redhawk Wealth Advisors Inc. boosted its position in Sibanye Gold by 12.8% during the second quarter. Redhawk Wealth Advisors Inc. now owns 16,434 shares of the company’s stock worth $140,000 after purchasing an additional 1,869 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Sibanye Gold during the 2nd quarter valued at approximately $9,126,000. Fermata Advisors LLC lifted its stake in shares of Sibanye Gold by 12.4% during the 2nd quarter. Fermata Advisors LLC now owns 11,313 shares of the company’s stock valued at $96,000 after buying an additional 1,250 shares in the last quarter. VectorGlobal IAG Inc. bought a new position in Sibanye Gold in the 1st quarter worth approximately $1,016,000. Finally, Empowered Funds LLC boosted its holdings in Sibanye Gold by 62.3% in the 1st quarter. Empowered Funds LLC now owns 76,092 shares of the company’s stock worth $937,000 after buying an additional 29,221 shares during the period. 34.93% of the stock is owned by hedge funds and other 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.