BMO Capital Markets Issues Positive Forecast for Sibanye Gold (NYSE:SBSW) Stock Price

Sibanye Gold (NYSE:SBSW) had its price objective upped by BMO Capital Markets from $14.00 to $18.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a market perform rating on the stock.

SBSW has been the topic of a number of other research reports. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Hsbc Global Res upgraded shares of Sibanye Gold to a “strong-buy” rating in a research note on Friday, January 23rd. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target for the company in a research note on Friday, January 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.03.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $17.49 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. Sibanye Gold has a twelve month low of $3.05 and a twelve month high of $21.29. The stock’s fifty day simple moving average is $15.35 and its 200-day simple moving average is $11.81.

Hedge Funds Weigh In On Sibanye Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Foster Group Inc. purchased a new position in shares of Sibanye Gold in the 3rd quarter valued at about $1,424,000. 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 worth $25,238,000 after buying an additional 3,212,833 shares during the period. JPMorgan Chase & Co. increased its holdings in Sibanye Gold by 32,992.0% in 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Sibanye Gold by 3,802.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock valued at $2,862,000 after buying an additional 248,108 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Sibanye Gold by 31.2% during the 2nd quarter. American Century Companies Inc. now owns 1,996,606 shares of the company’s stock valued at $14,415,000 after acquiring an additional 474,386 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

About Sibanye Gold

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.