Sibanye Gold (NYSE:SBSW) Upgraded at Zacks Research

Sibanye Gold (NYSE:SBSW - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

SBSW has been the topic of a number of other research reports. Citigroup upgraded 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. Weiss Ratings reissued a "sell (d-)" rating on shares of Sibanye Gold in a report on Friday, July 17th. BMO Capital Markets lowered their price target 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. Finally, Wall Street Zen raised Sibanye Gold from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $16.82.

Sibanye Gold Stock Up 0.8%

Shares of SBSW stock opened at $12.89 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.72 and a quick ratio of 1.37. Sibanye Gold has a one year low of $7.87 and a one year high of $21.29. The company's 50-day moving average is $10.11 and its 200 day moving average is $11.55.

Insider Buying and Selling at Sibanye Gold

In other news, Director Richard Menell purchased 15,000 shares of the company's stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost 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 approximately $55,023.75. This represents a 148.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is owned by insiders.

Institutional Trading of Sibanye Gold

Hedge funds have recently bought and sold shares of the company. Nykredit A S bought a new position in Sibanye Gold in the second quarter valued at about $140,000. Burford Brothers Inc. bought a new stake in shares of Sibanye Gold during the 2nd quarter valued at about $255,000. Headlands Technologies LLC increased its position in shares of Sibanye Gold by 7.8% during the 2nd quarter. Headlands Technologies LLC now owns 156,819 shares of the company's stock valued at $1,331,000 after purchasing an additional 11,294 shares during the last quarter. Quantitative Investment Management LLC increased its position in shares of Sibanye Gold by 97.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 59,894 shares of the company's stock valued at $508,000 after purchasing an additional 29,600 shares during the last quarter. Finally, SwitchPoint Financial Planning LLC bought a new position in shares of Sibanye Gold in the 2nd quarter worth approximately $92,000. Hedge funds and other 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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