Sibanye Gold Limited (NYSE:SBSW) Receives $19.93 Consensus PT from Analysts

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

A number of research firms have weighed in on SBSW. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. HSBC raised 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. Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada decreased their price objective on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th.

Sibanye Gold Trading Down 2.0%

NYSE:SBSW opened at $12.83 on Wednesday. Sibanye Gold has a 52-week low of $4.18 and a 52-week high of $21.29. The stock’s 50 day moving average price is $14.41 and its 200 day moving average price is $13.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

Sibanye Gold Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th were given a dividend of $0.2614 per share. This represents a yield of 292.0%. The ex-dividend date of this dividend was Friday, March 20th.

Insider Buying and Selling

In other Sibanye Gold news, Director Thabane Vincent Maphai purchased 12,000 shares of Sibanye Gold stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of $13.34 per share, with a total value of $160,080.00. Following the acquisition, the director directly owned 140,178 shares of the company’s stock, valued at $1,869,974.52. This represents a 9.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Peter Menell purchased 2,500 shares of Sibanye Gold stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average cost of $11.43 per share, with a total value of $28,575.00. Following the completion of the acquisition, the director directly owned 2,500 shares in the company, valued at approximately $28,575. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Sibanye Gold

Hedge funds have recently modified their holdings of the business. Moors & Cabot Inc. raised its holdings in shares of Sibanye Gold by 4.8% in the fourth quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock worth $203,000 after acquiring an additional 650 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Sibanye Gold by 6.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock valued at $151,000 after purchasing an additional 656 shares during the period. GAMMA Investing LLC grew its position in shares of Sibanye Gold by 22.2% in the third quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock valued at $58,000 after purchasing an additional 934 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Sibanye Gold by 40.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

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.