Sibanye Gold (NYSE:SBSW) Shares Gap Down After Analyst Downgrade

Shares of Sibanye Gold Limited (NYSE:SBSW) gapped down prior to trading on Thursday after Royal Bank Of Canada lowered their price target on the stock from $18.00 to $17.00. The stock had previously closed at $15.88, but opened at $15.08. Royal Bank Of Canada currently has an outperform rating on the stock. Sibanye Gold shares last traded at $15.4150, with a volume of 1,923,949 shares changing hands.

Other equities analysts have also issued research reports about the company. BMO Capital Markets increased their target price on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a research note on Friday, January 23rd. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.93.

Institutional Investors Weigh In On Sibanye Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Moors & Cabot Inc. lifted its position in Sibanye Gold by 4.8% during the fourth quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock worth $203,000 after buying an additional 650 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Sibanye Gold by 6.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company’s stock valued at $151,000 after acquiring an additional 656 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sibanye Gold by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after acquiring an additional 934 shares during the period. Northwestern Mutual Wealth Management Co. boosted 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 worth $39,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in 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. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Stock Down 3.9%

The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53. The business’s fifty day moving average is $16.27 and its 200-day moving average is $12.39.

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.