Sibanye Gold Limited (NYSE:SBSW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sibanye Gold Limited (NYSE:SBSW) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $4.7333.

Separately, Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Sibanye Gold Stock Performance

Shares of SBSW opened at $7.59 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average price is $8.26 and its 200-day moving average price is $6.00. Sibanye Gold has a 52 week low of $3.05 and a 52 week high of $9.85. The stock has a market cap of $5.37 billion, a P/E ratio of 14.59 and a beta of 0.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Sibanye Gold by 32,992.0% during the second quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after buying an additional 6,385,932 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Sibanye Gold by 1,136.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock valued at $25,238,000 after buying an additional 3,212,833 shares during the period. Millennium Management LLC grew its position in Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after buying an additional 2,487,648 shares during the period. Acadian Asset Management LLC bought a new stake in Sibanye Gold during the second quarter valued at approximately $17,366,000. Finally, Goldman Sachs Group Inc. grew its position in Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after buying an additional 2,370,443 shares during the period. Institutional investors own 34.93% of the company’s stock.

Sibanye Gold Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.