Sibanye Gold (NYSE:SBSW) Shares Gap Down – What’s Next?

Sibanye Gold Limited (NYSE:SBSW) gapped down prior to trading on Monday. The stock had previously closed at $10.61, but opened at $9.98. Sibanye Gold shares last traded at $10.0710, with a volume of 1,169,377 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Weiss Ratings raised shares of Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Zacks Research upgraded Sibanye Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Royal Bank Of Canada cut 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, September 16th. Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective for the company in a research note on Thursday, August 13th. Finally, BMO Capital Markets reduced their target price 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. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.32.

Sibanye Gold Stock Performance

The company has a current ratio of 2.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. The firm’s 50 day simple moving average is $10.91 and its 200-day simple moving average is $11.17.

Sibanye Gold Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th will be paid a $0.4985 dividend. This represents a dividend yield of 856.0%. The ex-dividend date of this dividend is Friday, September 18th.

Insiders Place Their Bets

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

Institutional Trading of Sibanye Gold

A number of hedge funds have recently bought and sold shares of the business. Moors & Cabot Inc. lifted its stake in Sibanye Gold by 4.8% during the fourth quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock worth $203,000 after purchasing an additional 650 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Sibanye Gold by 6.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock valued at $151,000 after buying an additional 656 shares in the last quarter. Fermata Advisors LLC raised its holdings in shares of Sibanye Gold by 12.4% in the 2nd quarter. Fermata Advisors LLC now owns 11,313 shares of the company’s stock valued at $96,000 after buying an additional 1,250 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in shares of Sibanye Gold by 12.8% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 16,434 shares of the company’s stock valued at $140,000 after buying an additional 1,869 shares during the period. Finally, AdvisorNet Financial Inc raised its holdings in shares of Sibanye Gold by 1,462.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,872 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

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.