Analysts Set Sibanye Gold Limited (NYSE:SBSW) Price Target at $17.93

Shares of Sibanye Gold Limited (NYSE:SBSW) have received a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $17.9333.

Several analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Friday, July 17th. Wall Street Zen downgraded Sibanye Gold from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. BMO Capital Markets cut their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, July 14th. Finally, Zacks Research lowered shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th.

Insider Buying and Selling at Sibanye Gold

In other news, Director Richard Peter Menell acquired 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the purchase, the director owned 25,125 shares of the company’s stock, valued at $55,023.75. This represents a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

Several large investors have recently made changes to their positions in the business. Redhawk Wealth Advisors Inc. raised its stake in Sibanye Gold by 12.8% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 16,434 shares of the company’s stock valued at $140,000 after purchasing an additional 1,869 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Sibanye Gold during the second quarter valued at approximately $9,126,000. Fermata Advisors LLC boosted its stake in Sibanye Gold by 12.4% in the 2nd quarter. Fermata Advisors LLC now owns 11,313 shares of the company’s stock valued at $96,000 after buying an additional 1,250 shares in the last quarter. VectorGlobal IAG Inc. acquired a new stake in shares of Sibanye Gold in the 1st quarter valued at $1,016,000. Finally, Empowered Funds LLC boosted its position in Sibanye Gold by 62.3% in the first quarter. Empowered Funds LLC now owns 76,092 shares of the company’s stock valued at $937,000 after buying an additional 29,221 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Stock Performance

SBSW opened at $8.41 on Friday. Sibanye Gold has a one year low of $7.09 and a one year high of $21.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. The stock’s fifty day moving average is $9.82 and its 200-day moving average is $13.00.

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.