Sibanye Gold (NYSE:SBSW) Sets New 52-Week High – What’s Next?

Sibanye Gold Limited (NYSE:SBSW) shares hit a new 52-week high on Saturday . The stock traded as high as $14.08 and last traded at $13.2910, with a volume of 10335844 shares trading hands. The stock had previously closed at $13.13.

Analysts Set New Price Targets

Several research firms have recently issued reports on SBSW. Zacks Research upgraded shares of Sibanye Gold to a “hold” rating in a report on Monday, October 20th. BMO Capital Markets increased their price objective on shares of Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sibanye Gold presently has a consensus rating of “Hold” and a consensus target price of $6.90.

Sibanye Gold Stock Performance

The stock’s 50-day moving average price is $11.58 and its 200 day moving average price is $9.41. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89.

Hedge Funds Weigh In On Sibanye Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MAI Capital Management grew its holdings in Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares in the last quarter. GAMMA Investing LLC raised its stake in Sibanye Gold by 112.2% in the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after buying an additional 2,228 shares in the last quarter. Archer Investment Corp purchased a new stake in Sibanye Gold during the third quarter worth $34,000. Strategic Investment Solutions Inc. IL bought a new stake in Sibanye Gold during the 2nd quarter valued at $36,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after acquiring an additional 1,777 shares during the period. Institutional investors own 34.93% of the company’s stock.

About Sibanye Gold

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.