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

Sibanye Gold Limited (NYSE:SBSW)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $9.89, but opened at $10.84. Sibanye Gold shares last traded at $10.8250, with a volume of 2,724,002 shares changing hands.

Analysts Set New Price Targets

SBSW has been the topic of several recent analyst reports. BMO Capital Markets reduced their target price on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen cut Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Zacks Research downgraded shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.93.

Sibanye Gold Stock Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. The stock has a fifty day moving average of $9.24 and a two-hundred day moving average of $12.47.

Insider Buying and Selling at Sibanye Gold

In other news, Director Richard Peter Menell bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the acquisition, the director owned 25,125 shares of the company’s stock, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sibanye Gold

Institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its stake in shares of Sibanye Gold by 21.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock valued at $109,687,000 after acquiring an additional 1,587,183 shares during the period. Condire Management LP lifted its holdings in shares of Sibanye Gold by 5.6% during the 4th quarter. Condire Management LP now owns 5,244,469 shares of the company’s stock valued at $74,734,000 after acquiring an additional 279,540 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in Sibanye Gold during the 4th quarter worth $63,023,000. Goehring & Rozencwajg Associates LLC increased its holdings in Sibanye Gold by 20.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock valued at $52,607,000 after purchasing an additional 730,389 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after purchasing an additional 2,370,443 shares in the last quarter. 34.93% of the stock is currently 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.