Sibanye Gold (NYSE:SBSW) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Sibanye Gold (NYSE:SBSW) from “buy” to “strong-buy.”
• Analyst opinions remain mixed: three analysts rate the stock Buy, one Hold and two Sell, resulting in a consensus “Hold” rating and a $16.82 average price target.
• SBSW opened at $12.81, with shares trading between a 52-week low of $7.87 and high of $21.29; institutional investors own approximately 34.93% of the company.

Sibanye Gold (NYSE:SBSW - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Sunday, Wall Street Zen reports.

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

Sibanye Gold Stock Performance

SBSW stock opened at $12.81 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 2.72. The company's 50 day simple moving average is $9.93 and its 200-day simple moving average is $11.63. Sibanye Gold has a 52-week low of $7.87 and a 52-week high of $21.29.

Insider Activity at Sibanye Gold

In other Sibanye Gold news, Director Richard Menell bought 15,000 shares of the firm's stock in a transaction dated Tuesday, June 30th. The shares were acquired 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 in the company, valued at approximately $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The acquisition 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sibanye Gold by 21.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company's stock worth $109,687,000 after buying an additional 1,587,183 shares in the last quarter. Condire Management LP boosted its stake in Sibanye Gold by 5.6% in the 4th quarter. Condire Management LP now owns 5,244,469 shares of the company's stock valued at $74,734,000 after buying an additional 279,540 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Sibanye Gold in the fourth quarter valued at $63,023,000. Goehring & Rozencwajg Associates LLC raised its stake in Sibanye Gold by 20.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company's stock worth $52,607,000 after acquiring an additional 730,389 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock valued at $16,379,000 after acquiring an additional 2,370,443 shares during the period. Institutional investors own 34.93% of the company's stock.

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.

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