Wall Street Zen Upgrades Sibanye Gold (NYSE:SBSW) to “Buy”

Sibanye Gold (NYSE:SBSW) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other analysts also recently issued reports about the company. Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a report on Thursday, August 13th. BMO Capital Markets reduced their price objective on 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Friday, July 17th. Finally, Zacks Research lowered Sibanye Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Sibanye Gold presently has a consensus rating of “Hold” and a consensus price target of $16.82.

Sibanye Gold Stock Performance

NYSE:SBSW opened at $12.12 on Friday. 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’s fifty day simple moving average is $9.59 and its 200 day simple moving average is $11.75. Sibanye Gold has a twelve month low of $7.36 and a twelve month high of $21.29.

Insider Activity at Sibanye Gold

In other news, Director Richard Peter Menell bought 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares in the company, valued at approximately $55,023.75. This trade represents a 148.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Sibanye Gold

Large investors have recently added to or reduced their stakes in the company. Burford Brothers Inc. purchased a new stake in Sibanye Gold during the 2nd quarter worth $255,000. Nykredit A S purchased a new position in Sibanye Gold in the 2nd quarter valued at about $140,000. Headlands Technologies LLC boosted its position in Sibanye Gold by 7.8% in the 2nd quarter. Headlands Technologies LLC now owns 156,819 shares of the company’s stock valued at $1,331,000 after buying an additional 11,294 shares during the last quarter. Quantitative Investment Management LLC boosted its position in Sibanye Gold by 97.7% in the 2nd quarter. Quantitative Investment Management LLC now owns 59,894 shares of the company’s stock valued at $508,000 after buying an additional 29,600 shares during the last quarter. Finally, SwitchPoint Financial Planning LLC acquired a new stake in shares of Sibanye Gold during the second quarter valued at about $92,000. 34.93% of the stock is owned by institutional investors and hedge funds.

About Sibanye Gold

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.