Sibanye Gold Limited (NYSE:SBSW) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Of six brokerages covering Sibanye Gold, three rate it a buy, one a hold and two a sell. The average 12-month price target is $16.825.
• Sibanye Gold shares opened at $12.81 and were down 2.4%, trading between a 52-week low of $7.87 and high of $21.29.
• The company declared a $0.4985-per-share dividend, payable October 6 to shareholders of record September 18; institutional investors own 34.93% of the stock.

Sibanye Gold Limited (NYSE:SBSW - Get Free Report) has been assigned an average recommendation of "Hold" from the six brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $16.8250.

Several equities analysts have recently weighed in on SBSW shares. Zacks Research lowered shares of Sibanye Gold from a "hold" rating to a "strong sell" rating in a report on Thursday, July 9th. Weiss Ratings reissued a "sell (d-)" rating on shares of Sibanye Gold in a research note on Friday, July 17th. Citigroup raised Sibanye Gold from a "neutral" rating to a "buy" rating and set a $13.50 target price on the stock in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Sibanye Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Finally, BMO Capital Markets dropped their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a "market perform" rating on the stock in a research note on Tuesday, July 14th.

Sibanye Gold Stock Down 2.4%

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

Sibanye Gold Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 6th. Investors of record on Friday, September 18th will be issued a dividend of $0.4985 per share. This represents a yield of 795.0%. The ex-dividend date is Friday, September 18th.

Insider Activity

In related news, Director Richard Menell bought 15,000 shares of Sibanye Gold stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $2.19 per share, with a total value of $32,850.00. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sibanye Gold

Large investors have recently added to or reduced their stakes in the business. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Sibanye Gold by 20.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company's stock worth $52,607,000 after buying an additional 730,389 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Sibanye Gold in the second quarter worth $9,126,000. Sei Investments Co. lifted its stake in Sibanye Gold by 67.5% during the first quarter. Sei Investments Co. now owns 868,470 shares of the company's stock worth $10,700,000 after purchasing an additional 350,122 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Sibanye Gold during the first quarter worth about $3,528,000. Finally, Erste Asset Management GmbH purchased a new position in shares of Sibanye Gold in the 4th quarter worth about $1,414,000. 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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