Sibanye Gold Limited (NYSE:SBSW) Receives $16.03 Consensus Price Target from Analysts

Shares of Sibanye Gold Limited (NYSE:SBSW) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.9333.

A number of analysts have recently weighed in on SBSW shares. HSBC raised 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 reissued a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. Royal Bank Of Canada cut their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday. BMO Capital Markets increased their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st.

Sibanye Gold Stock Performance

SBSW stock opened at $15.27 on Tuesday. The company has a 50-day simple moving average of $16.27 and a 200 day simple moving average of $12.39. 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 fifty-two week low of $3.05 and a fifty-two week high of $21.29.

Hedge Funds Weigh In On Sibanye Gold

Several hedge funds have recently made changes to their positions in the business. Compound Planning Inc. lifted its stake in Sibanye Gold by 17.5% during the fourth quarter. Compound Planning Inc. now owns 23,866 shares of the company’s stock valued at $340,000 after purchasing an additional 3,553 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Sibanye Gold by 12.8% in the fourth quarter. Corient Private Wealth LLC now owns 25,387 shares of the company’s stock valued at $362,000 after buying an additional 2,889 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Sibanye Gold by 4.5% in the fourth quarter. Mackenzie Financial Corp now owns 227,499 shares of the company’s stock valued at $3,315,000 after buying an additional 9,886 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Sibanye Gold by 70.6% during the 4th quarter. Empowered Funds LLC now owns 46,871 shares of the company’s stock valued at $668,000 after acquiring an additional 19,392 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Sibanye Gold during the 4th quarter worth $1,832,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Company Profile

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.