Sibanye Gold (NYSE:SBSW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sibanye Gold (NYSE:SBSW) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

A number of other analysts have also recently commented on SBSW. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 target price for the company in a research note on Thursday, August 13th. Zacks Research lowered shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Finally, BMO Capital Markets cut their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.82.

Sibanye Gold Stock Down 2.3%

NYSE:SBSW opened at $11.81 on Friday. 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 has a fifty-two week low of $7.36 and a fifty-two week high of $21.29. The company has a fifty day moving average of $9.64 and a two-hundred day moving average of $11.72.

Insider Transactions at Sibanye Gold

In related news, Director Richard Peter Menell bought 15,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the acquisition, the director directly owned 25,125 shares in the company, valued at $55,023.75. This 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 the SEC website. 0.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc grew its holdings in shares of Sibanye Gold by 1,462.5% in the first 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. boosted 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 valued at $37,000 after purchasing an additional 1,777 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 valued at $39,000 after purchasing an additional 1,000 shares during the last quarter. GeoWealth Management LLC purchased a new stake in shares of Sibanye Gold in the 3rd quarter valued at approximately $43,000. Finally, US Bancorp DE grew its stake in shares of Sibanye Gold by 2,664.2% in 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 during the period. Hedge funds and other 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.