Royal Bank Of Canada Lowers Sibanye Gold (NYSE:SBSW) Price Target to $17.00

Sibanye Gold (NYSE:SBSW) had its price objective reduced by analysts at Royal Bank Of Canada from $18.00 to $17.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 6.75% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research upgraded Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. BMO Capital Markets boosted 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, HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective for the company in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sibanye Gold has a consensus rating of “Moderate Buy” and a consensus price target of $19.93.

Sibanye Gold Stock Up 4.3%

Shares of SBSW opened at $15.93 on Thursday. 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 12 month low of $3.05 and a 12 month high of $21.29. The firm’s 50 day moving average is $16.32 and its 200-day moving average is $12.44.

Institutional Investors Weigh In On Sibanye Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MAI Capital Management lifted its stake in Sibanye Gold by 87.8% in the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after purchasing an additional 1,169 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sibanye Gold during the fourth quarter worth $29,000. Blue Trust Inc. increased its holdings in shares of Sibanye Gold by 84.1% during the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares in the last quarter. Archer Investment Corp bought a new position in shares of Sibanye Gold in the 3rd quarter valued at $34,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after acquiring an additional 1,777 shares during the last quarter. 34.93% of the stock is owned by institutional investors.

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.