Brokerages Set Sibanye Gold Limited (NYSE:SBSW) Target Price at $19.93

Shares of Sibanye Gold Limited (NYSE:SBSW) have been given an average recommendation of “Hold” by the five analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $19.9333.

SBSW has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Zacks Research cut shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th.

Institutional Investors Weigh In On Sibanye Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in Sibanye Gold by 62.3% during the 1st quarter. Empowered Funds LLC now owns 76,092 shares of the company’s stock worth $937,000 after purchasing an additional 29,221 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Sibanye Gold during the 1st quarter worth $520,000. Bank of America Corp DE boosted its position in shares of Sibanye Gold by 53.0% during the 1st quarter. Bank of America Corp DE now owns 163,230 shares of the company’s stock valued at $2,011,000 after acquiring an additional 56,528 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Sibanye Gold by 113.3% during the 1st quarter. Quantinno Capital Management LP now owns 112,244 shares of the company’s stock valued at $1,383,000 after acquiring an additional 59,617 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Sibanye Gold during the 1st quarter valued at about $3,528,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Stock Performance

Shares of SBSW opened at $8.91 on Monday. Sibanye Gold has a 52-week low of $6.95 and a 52-week high of $21.29. 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 firm’s fifty day moving average is $11.49 and its two-hundred day moving average is $13.76.

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.