Sibanye Gold (NYSE:SBSW) Downgraded by Wall Street Zen to “Buy”

Sibanye Gold (NYSE:SBSW) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

A number of other research firms have also recently commented on SBSW. Zacks Research raised shares of Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. Finally, BMO Capital Markets increased their target price on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.90.

Sibanye Gold Price Performance

Shares of NYSE SBSW opened at $13.29 on Friday. Sibanye Gold has a 12-month low of $3.05 and a 12-month high of $14.08. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. The firm’s 50-day moving average price is $11.58 and its 200-day moving average price is $9.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SBSW. Lingotto Investment Management LLP grew its stake in Sibanye Gold by 0.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock valued at $205,268,000 after acquiring an additional 263,600 shares during the period. JPMorgan Chase & Co. lifted its stake in Sibanye Gold by 32,992.0% in the 2nd 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 in the last quarter. Marshall Wace LLP boosted its holdings in Sibanye Gold by 77.0% in the 2nd quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock worth $34,316,000 after buying an additional 2,068,178 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Sibanye Gold by 15.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,034,972 shares of the company’s stock worth $45,353,000 after buying an additional 539,447 shares in the last quarter. Finally, ABC Arbitrage SA increased its stake in Sibanye Gold by 260.1% during the 3rd quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock worth $45,329,000 after buying an additional 2,912,995 shares in the last quarter. Institutional investors and hedge funds 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.