Sibanye Gold (NYSE:SBSW) Cut to Buy at Wall Street Zen

Sibanye Gold (NYSE:SBSW) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Other analysts also recently issued research reports about the stock. Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. Finally, BMO Capital Markets upped their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.03.

Sibanye Gold Stock Performance

Shares of Sibanye Gold stock opened at $17.22 on Friday. The stock’s 50-day moving average is $16.00 and its 200 day moving average is $12.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. Sibanye Gold has a one year low of $3.05 and a one year high of $21.29.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. Moors & Cabot Inc. lifted its position in Sibanye Gold by 4.8% in the 4th quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock valued at $203,000 after acquiring an additional 650 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $151,000 after purchasing an additional 656 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in 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. 34.93% of the stock is owned by institutional investors.

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.