Royal Bank Of Canada Has Lowered Expectations for Sibanye Gold (NYSE:SBSW) Stock Price

Key Points

• Royal Bank of Canada lowered Sibanye Gold’s price target from $16.50 to $15.00 but maintained an “outperform” rating, implying 27.39% upside from the prior close.
• Analyst sentiment is mixed: Sibanye has a consensus “Hold” rating and an average target price of $16.32, with ratings ranging from buy to sell.
• SBSW shares fell 0.5% to $11.78, while institutional investors and hedge funds own approximately 34.93% of the company.

Sibanye Gold (NYSE:SBSW - Get Free Report) had its price objective reduced by research analysts at Royal Bank Of Canada from $16.50 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 27.39% from the stock's previous close.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets cut their target price on shares of Sibanye Gold from $14.00 to $12.00 and set a "market perform" rating for the company in a research report on Tuesday, July 14th. Wall Street Zen raised shares of Sibanye Gold from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 6th. Zacks Research upgraded Sibanye Gold from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of Sibanye Gold in a research report on Friday, July 17th. Finally, Citigroup upgraded Sibanye Gold from a "neutral" rating to a "buy" rating and set a $13.50 target price on the stock in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $16.32.

Sibanye Gold Stock Down 0.5%

Shares of SBSW stock traded down $0.07 during trading on Wednesday, hitting $11.78. 2,390,338 shares of the company were exchanged, compared to its average volume of 6,007,609. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.72. The business's 50-day simple moving average is $10.47 and its 200 day simple moving average is $11.42. Sibanye Gold has a twelve month low of $7.87 and a twelve month high of $21.29.

Insider Buying and Selling at Sibanye Gold

In other Sibanye Gold news, Director Richard Menell bought 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the purchase, the director directly owned 25,125 shares in the company, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.05% of the company's stock.

Hedge Funds Weigh In On Sibanye Gold

Several large investors have recently bought and sold shares of SBSW. AdvisorNet Financial Inc increased its holdings 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 worth $25,000 after purchasing an additional 1,872 shares during the period. Blue Trust Inc. lifted its position in 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 purchasing an additional 2,794 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Sibanye Gold by 3,289.7% in the fourth 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 in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Sibanye Gold during the 4th quarter worth approximately $73,000. Finally, Stevens Capital Partners bought a new position in shares of Sibanye Gold during the second quarter valued at $88,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

About Sibanye Gold

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields' South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.

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