Brokerages Set Sibanye Gold Limited (NYSE:SBSW) Price Target at $16.82

Sibanye Gold Limited (NYSE:SBSW) has received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.8250.

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a report on Thursday, August 13th. BMO Capital Markets dropped 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. Finally, Zacks Research upgraded shares of Sibanye Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th.

Insider Buying and Selling at Sibanye Gold

In related news, Director Richard Menell acquired 15,000 shares of the firm’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 acquisition, the director directly owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by insiders.

Hedge Funds Weigh In On Sibanye Gold

Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. AQR Capital Management LLC increased its position in Sibanye Gold by 113.9% during the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock worth $183,000 after buying an additional 21,248 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Sibanye Gold by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after acquiring an additional 2,487,648 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock worth $16,379,000 after acquiring an additional 2,370,443 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sibanye Gold during the 1st quarter worth approximately $55,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Sibanye Gold during the 2nd quarter worth approximately $186,000. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Stock Down 0.4%

Shares of Sibanye Gold stock opened at $12.53 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.72. The business has a 50-day moving average of $10.34 and a two-hundred day moving average of $11.52. Sibanye Gold has a 1 year low of $7.87 and a 1 year high of $21.29.

Sibanye Gold Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.4985 per share. This represents a dividend yield of 795.0%. The ex-dividend date is Friday, September 18th.

Sibanye Gold Company Profile

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields’ South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.