Sibanye Gold (NYSE:SBSW) Rating Lowered to “Strong Sell” at Zacks Research

Sibanye Gold (NYSE:SBSW) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.93.

Sibanye Gold Stock Performance

NYSE SBSW traded down $0.02 on Thursday, hitting $8.54. The stock had a trading volume of 4,143,794 shares, compared to its average volume of 5,341,612. Sibanye Gold has a 52-week low of $7.09 and a 52-week high of $21.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The firm has a 50-day moving average of $10.67 and a 200-day moving average of $13.42.

Insider Activity

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

Institutional Trading of Sibanye Gold

Hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc grew its position in Sibanye Gold by 1,462.5% during the first 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Sibanye Gold during the fourth quarter worth approximately $29,000. Blue Trust Inc. lifted its holdings in shares of Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after acquiring an additional 1,002 shares during the last quarter. PNC Financial Services Group Inc. lifted 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 worth $37,000 after acquiring an additional 1,777 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sibanye Gold by 40.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 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.