Sibanye Gold Limited (NYSE:SBSW) Receives $19.93 Consensus Price Target from Brokerages

Shares of Sibanye Gold Limited (NYSE:SBSW) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.9333.

Several analysts recently commented on the company. Royal Bank Of Canada decreased their price target on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. HSBC upgraded 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 reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Finally, BMO Capital Markets boosted their price target on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd.

Sibanye Gold Trading Up 6.1%

NYSE:SBSW opened at $13.34 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. Sibanye Gold has a 12-month low of $3.18 and a 12-month high of $21.29. The firm has a 50-day moving average price of $16.49 and a 200 day moving average price of $13.25.

Sibanye Gold Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th will be issued a $0.2614 dividend. This represents a dividend yield of 164.0%. The ex-dividend date of this dividend is Friday, March 20th.

Hedge Funds Weigh In On Sibanye Gold

Several institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC boosted its stake in Sibanye Gold by 14.0% in the fourth quarter. Corient Private Wealth LLC now owns 25,637 shares of the company’s stock worth $365,000 after purchasing an additional 3,139 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Sibanye Gold by 4,334.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,430 shares of the company’s stock valued at $92,000 after buying an additional 6,285 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Sibanye Gold in the fourth quarter valued at about $666,000. Dorsey Wright & Associates lifted its position in Sibanye Gold by 3.8% during the 4th quarter. Dorsey Wright & Associates now owns 176,283 shares of the company’s stock worth $2,512,000 after buying an additional 6,407 shares in the last quarter. Finally, Compound Planning Inc. lifted its position in Sibanye Gold by 17.5% during the 4th quarter. Compound Planning Inc. now owns 23,866 shares of the company’s stock worth $340,000 after buying an additional 3,553 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

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.