Wall Street Zen Upgrades Sibanye Gold (NYSE:SBSW) to “Strong-Buy”

Sibanye Gold (NYSE:SBSW) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Saturday, September 27th. BMO Capital Markets raised their target price on Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.07.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $11.18 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. Sibanye Gold has a one year low of $3.05 and a one year high of $12.05. The business has a 50 day simple moving average of $8.96 and a 200 day simple moving average of $6.99.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. Ameriprise Financial Inc. acquired a new stake in shares of Sibanye Gold in the 4th quarter valued at $35,000. Bank of America Corp DE increased its stake in shares of Sibanye Gold by 16.1% in the 4th quarter. Bank of America Corp DE now owns 85,825 shares of the company’s stock valued at $283,000 after buying an additional 11,916 shares during the period. GAMMA Investing LLC increased its stake in shares of Sibanye Gold by 590.8% in the 1st quarter. GAMMA Investing LLC now owns 9,091 shares of the company’s stock valued at $42,000 after buying an additional 7,775 shares during the period. SG Americas Securities LLC increased its stake in shares of Sibanye Gold by 408.8% in the 1st quarter. SG Americas Securities LLC now owns 82,472 shares of the company’s stock valued at $378,000 after buying an additional 66,264 shares during the period. Finally, Petra Financial Advisors Inc. increased its stake in shares of Sibanye Gold by 61.1% in the 1st quarter. Petra Financial Advisors Inc. now owns 53,841 shares of the company’s stock valued at $247,000 after buying an additional 20,429 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

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.