Sibanye Gold (NYSE:SBSW) Shares Gap Down – Time to Sell?

Sibanye Gold Limited (NYSE:SBSW) shares gapped down prior to trading on Friday . The stock had previously closed at $12.05, but opened at $11.56. Sibanye Gold shares last traded at $11.5510, with a volume of 768,586 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 target price for the company in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. BMO Capital Markets lowered their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada dropped their price objective on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Zacks Research upgraded shares of Sibanye Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.32.

Sibanye Gold Stock Down 4.4%

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 stock’s fifty day moving average price is $10.60 and its two-hundred day moving average price is $11.34.

Sibanye Gold Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Friday, September 18th will be given a dividend of $0.4985 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a yield of 867.0%.

Insiders Place Their Bets

In other Sibanye Gold news, Director Richard Menell acquired 15,000 shares of the company’s stock in a transaction on 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 in the company, valued at $55,023.75. This represents a 148.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

Several hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc lifted its stake in Sibanye Gold by 1,462.5% in the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,872 shares during the period. Blue Trust Inc. boosted its holdings in Sibanye Gold by 127.4% in the first quarter. Blue Trust Inc. now owns 4,987 shares of the company’s stock valued at $61,000 after acquiring an additional 2,794 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Sibanye Gold by 3,289.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,915 shares of the company’s stock valued at $70,000 after purchasing an additional 4,770 shares during the period. Hantz Financial Services Inc. purchased a new position in Sibanye Gold during the 4th quarter valued at $73,000. Finally, Stevens Capital Partners bought a new position in Sibanye Gold in the 2nd quarter worth $88,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

About Sibanye Gold

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.