Sibanye Gold (NYSE:SBSW) Upgraded to "Buy" at Wall Street Zen

Sibanye Gold (NYSE:SBSW - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other analysts also recently commented on the stock. Zacks Research downgraded shares of Sibanye Gold from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sibanye Gold in a research report on Friday, July 17th. BMO Capital Markets dropped their target price on shares of 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. Finally, 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. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $16.82.

Sibanye Gold Price Performance

Shares of SBSW stock opened at $12.12 on Friday. The stock has a 50 day simple moving average of $9.59 and a two-hundred day simple moving average of $11.79. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. Sibanye Gold has a fifty-two week low of $7.36 and a fifty-two week high of $21.29.

Insider Activity

In other Sibanye Gold news, Director Richard Peter Menell acquired 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares of the company's stock, valued at $55,023.75. This represents a 148.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc boosted its position in shares of Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company's stock valued at $25,000 after buying an additional 1,872 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company's stock valued at $37,000 after buying an additional 1,777 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company's stock valued at $39,000 after acquiring an additional 1,000 shares in the last quarter. GeoWealth Management LLC bought a new position in Sibanye Gold during the 3rd quarter valued at $43,000. Finally, US Bancorp DE boosted its holdings in Sibanye Gold by 2,664.2% during the 3rd quarter. US Bancorp DE now owns 4,091 shares of the company's stock worth $46,000 after acquiring an additional 3,943 shares during the last quarter. Institutional investors own 34.93% of the company's stock.

Sibanye Gold Company Profile

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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