Sibanye Gold Limited (NYSE:SBSW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Sibanye Gold Limited (NYSE:SBSW) have earned an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.0667.

A number of brokerages recently commented on SBSW. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 20th. BMO Capital Markets lifted their price target on Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a report on Tuesday, September 2nd.

Institutional Trading of Sibanye Gold

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in Sibanye Gold by 112.2% in the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after buying an additional 2,228 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Sibanye Gold in the fourth quarter worth $35,000. Strategic Investment Solutions Inc. IL purchased a new stake in Sibanye Gold in the second quarter worth $36,000. Creative Financial Designs Inc. ADV increased its position in Sibanye Gold by 35.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock worth $42,000 after buying an additional 2,400 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Sibanye Gold by 745.3% in the second quarter. Farther Finance Advisors LLC now owns 6,805 shares of the company’s stock worth $49,000 after buying an additional 6,000 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $10.67 on Friday. The business’s fifty day simple moving average is $8.74 and its 200 day simple moving average is $6.68. Sibanye Gold has a 12 month low of $3.05 and a 12 month high of $10.97. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96.

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.