Sibanye Gold (NYSE:SBSW) Stock Rating Upgraded by Zacks Research

Sibanye Gold (NYSE:SBSW) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

A number of other brokerages have also recently commented on SBSW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. BMO Capital Markets cut their price target on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, July 14th. Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research report on Thursday, August 13th. Finally, Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.82.

Sibanye Gold Stock Performance

Shares of SBSW stock opened at $12.89 on Monday. Sibanye Gold has a 1 year low of $7.87 and a 1 year high of $21.29. The firm has a fifty day moving average price of $10.11 and a 200-day moving average price of $11.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 1.37.

Insider Transactions at Sibanye Gold

In other Sibanye Gold news, Director Richard Menell purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares in the company, valued at $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

A number of hedge funds have recently made changes to their positions in SBSW. AdvisorNet Financial Inc raised its stake in Sibanye Gold by 1,462.5% during the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,872 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock worth $37,000 after purchasing an additional 1,777 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Sibanye Gold by 40.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares during the period. GeoWealth Management LLC bought a new position in Sibanye Gold in the 3rd quarter worth approximately $43,000. Finally, US Bancorp DE grew its holdings in Sibanye Gold by 2,664.2% during the 3rd quarter. US Bancorp DE now owns 4,091 shares of the company’s stock valued at $46,000 after buying an additional 3,943 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

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.