Sibanye Gold (NYSE:SBSW) Downgraded by Zacks Research to "Strong Sell"

Key Points

• Zacks Research downgraded Sibanye Gold (NYSE:SBSW) from “hold” to “strong sell,” contrasting with a broader analyst consensus rating of “Hold” and an average price target of $16.32.
• Shares opened at $9.70, below their 50-day and 200-day moving averages of $11.16 and $10.99, respectively, and have traded between $7.87 and $21.29 over the past year.
• Institutional investors and hedge funds own 34.93% of the company, with several recently increasing their positions or initiating new stakes.

Sibanye Gold (NYSE:SBSW - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

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

Sibanye Gold Stock Performance

Shares of NYSE:SBSW opened at $9.70 on Tuesday. The firm has a 50 day simple moving average of $11.16 and a 200 day simple moving average of $10.99. 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 quick ratio of 1.37 and a current ratio of 2.72.

Institutional Trading of Sibanye Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc boosted 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 buying an additional 1,872 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Sibanye Gold by 3,289.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,915 shares of the company's stock worth $70,000 after acquiring an additional 4,770 shares during the last quarter. Blue Trust Inc. lifted its position in Sibanye Gold by 127.4% during the 1st quarter. Blue Trust Inc. now owns 4,987 shares of the company's stock worth $61,000 after acquiring an additional 2,794 shares during the last quarter. Stevens Capital Partners bought a new stake in Sibanye Gold during the first quarter valued at about $124,000. Finally, R Squared Ltd bought a new stake in Sibanye Gold during the first quarter valued at about $133,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

About Sibanye Gold

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.

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