BMO Capital Markets Cuts Sibanye Gold (NYSE:SBSW) Price Target to $12.00

Sibanye Gold (NYSE:SBSW) had its price objective trimmed by BMO Capital Markets from $14.00 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other research firms also recently commented on SBSW. Wall Street Zen downgraded shares of Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Zacks Research cut Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.93.

Sibanye Gold Price Performance

SBSW stock opened at $8.09 on Tuesday. 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 stock’s 50 day simple moving average is $10.34 and its 200 day simple moving average is $13.21. Sibanye Gold has a fifty-two week low of $7.09 and a fifty-two week high of $21.29.

Insider Buying and Selling at Sibanye Gold

In other news, Director Richard Peter Menell bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $2.19 per share, with a total value of $32,850.00. Following the transaction, the director owned 25,125 shares of the company’s stock, valued at approximately $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Sibanye Gold

A number of hedge funds have recently made changes to their positions in SBSW. Price T Rowe Associates Inc. MD purchased a new position in shares of Sibanye Gold during the fourth quarter valued at approximately $63,023,000. Deutsche Bank AG bought a new position in shares of Sibanye Gold in the fourth quarter worth approximately $49,435,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Sibanye Gold by 81.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after acquiring an additional 3,280,972 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Sibanye Gold by 363.7% in the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock worth $14,526,000 after buying an additional 2,487,648 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after purchasing an additional 2,370,443 shares during the last quarter. 34.93% of the stock is owned by institutional investors.

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.