Sibanye Gold Limited (NYSE:SBSW) Stock Has Consensus Price Target of $16.32 According to Brokerages

Shares of Sibanye Gold Limited (NYSE:SBSW) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $16.32.

SBSW has been the topic of several research reports. BMO Capital Markets dropped their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 14th. Zacks Research downgraded Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Weiss Ratings raised Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Citigroup raised Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada cut their price objective on shares of Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th.

Sibanye Gold Stock Performance

Shares of SBSW opened at $9.20 on Friday. Sibanye Gold has a fifty-two week low of $7.87 and a fifty-two week high of $21.29. The company has a current ratio of 2.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average is $11.10 and its 200-day moving average is $10.83.

Sibanye Gold Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, October 6th. Investors of record on Friday, September 18th were issued a $0.4985 dividend. The ex-dividend date was Friday, September 18th. This represents a yield of 856.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SBSW. AdvisorNet Financial Inc raised its stake in shares of Sibanye Gold by 1,462.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,872 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Sibanye Gold in the third quarter worth $26,000. Blue Trust Inc. lifted its stake in shares of Sibanye Gold by 127.4% in the first quarter. Blue Trust Inc. now owns 4,987 shares of the company’s stock worth $61,000 after buying an additional 2,794 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Sibanye Gold during the 3rd quarter worth $80,000. Finally, Stevens Capital Partners bought a new stake in shares of Sibanye Gold during the 1st quarter worth $124,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

About Sibanye Gold

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals company headquartered in South Africa. The company produces precious metals, including platinum-group metals (PGMs) and gold, and is also developing interests in battery metals and metals recycling.

The company was established in 2013 when Gold Fields separated several of its South African gold assets into a separately listed business. Sibanye expanded internationally through the acquisition of Stillwater Mining Company in the United States in 2017 and Lonmin in 2019.