Sibanye Gold (NYSE:SBSW) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Sibanye Gold (NYSE:SBSW) from a hold rating to a strong sell rating in a report issued on Tuesday,Zacks reports.

Several other analysts have also recently issued reports on SBSW. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a report on Thursday, August 13th. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 6th. Royal Bank Of Canada lowered their price objective on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Weiss Ratings upgraded Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Finally, BMO Capital Markets reduced their target price on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.32.

Sibanye Gold Price Performance

NYSE SBSW opened at $9.70 on Tuesday. Sibanye Gold has a 52 week low of $7.87 and a 52 week high of $21.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 1.37. The company’s fifty day simple moving average is $11.16 and its 200-day simple moving average is $10.99.

Sibanye Gold Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc increased its position in shares of Sibanye Gold by 1,462.5% during the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,872 shares during the period. Blue Trust Inc. grew its stake in shares of Sibanye Gold by 127.4% in the 1st quarter. Blue Trust Inc. now owns 4,987 shares of the company’s stock worth $61,000 after purchasing an additional 2,794 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Sibanye Gold by 3,289.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,915 shares of the company’s stock worth $70,000 after purchasing an additional 4,770 shares during the last quarter. Stevens Capital Partners bought a new stake in shares of Sibanye Gold in the 2nd quarter worth approximately $88,000. Finally, SwitchPoint Financial Planning LLC bought a new stake in shares of Sibanye Gold in the 2nd quarter worth approximately $92,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Company Profile

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals processing company headquartered in South Africa. The company was established in 2012 after being spun out of Gold Fields’ South African mining operations and adopted the Sibanye-Stillwater name following its acquisition of Stillwater Mining Company in the United States in 2017.

Sibanye-Stillwater is primarily involved in the production of platinum-group metals, including platinum, palladium and rhodium, as well as gold and selected battery and base metals.