Brokerages Set Sibanye Gold Limited (NYSE:SBSW) PT at $17.93

Shares of Sibanye Gold Limited (NYSE:SBSW) have earned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.9333.

SBSW has been the topic of a number of research analyst reports. Zacks Research lowered shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Wall Street Zen downgraded shares of Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. BMO Capital Markets dropped their price target on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st.

Insider Transactions at Sibanye Gold

In other news, Director Richard Peter Menell bought 15,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares of the company’s stock, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.05% of the stock is currently owned by insiders.

Institutional Trading of Sibanye Gold

Hedge funds have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. increased its stake in shares of Sibanye Gold by 12.8% in the second quarter. Redhawk Wealth Advisors Inc. now owns 16,434 shares of the company’s stock valued at $140,000 after buying an additional 1,869 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Sibanye Gold during the 2nd quarter worth approximately $9,126,000. Fermata Advisors LLC boosted its position in Sibanye Gold by 12.4% during the 2nd quarter. Fermata Advisors LLC now owns 11,313 shares of the company’s stock worth $96,000 after buying an additional 1,250 shares during the period. VectorGlobal IAG Inc. bought a new stake in Sibanye Gold during the 1st quarter worth approximately $1,016,000. Finally, Empowered Funds LLC grew its holdings in Sibanye Gold by 62.3% during the 1st quarter. Empowered Funds LLC now owns 76,092 shares of the company’s stock worth $937,000 after acquiring an additional 29,221 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Price Performance

Shares of Sibanye Gold stock opened at $8.01 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $10.23 and its 200 day moving average is $13.17. Sibanye Gold has a 1 year low of $7.09 and a 1 year high of $21.29.

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.