Sibanye Gold Limited (NYSE:SBSW) Stock Has Average Target Price of $16.32 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Sibanye Gold, with three buy ratings and three holds. The average 12-month price target is $16.32, implying upside from the stock’s $10.16 opening price.
• Recent analyst views were mixed but generally improved: Citigroup upgraded the stock to buy, while BMO Capital Markets and RBC lowered their price targets; other firms also raised or upgraded their ratings.
• Institutional investors increased exposure, with ownership reaching 34.93% of shares. Sibanye also announced a $0.4985-per-share dividend, reported as an 856% yield.

Sibanye Gold Limited (NYSE:SBSW - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $16.32.

A number of analysts have recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a "market perform" rating for the company in a research note on Tuesday, July 14th. Wall Street Zen raised Sibanye Gold from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 6th. Citigroup raised shares of Sibanye Gold from a "neutral" rating to a "buy" rating and set a $13.50 price objective for the company in a research note on Thursday, August 13th. Royal Bank Of Canada lowered their price objective on shares of Sibanye Gold from $16.50 to $15.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 16th. Finally, Weiss Ratings upgraded Sibanye Gold from a "sell (d-)" rating to a "hold (c)" rating in a report on Tuesday, September 22nd.

Hedge Funds Weigh In On Sibanye Gold

A number of institutional investors have recently made changes to their positions in SBSW. Goehring & Rozencwajg Associates LLC lifted its holdings 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. Engineers Gate Manager LP boosted its position in Sibanye Gold by 67.9% during the 2nd quarter. Engineers Gate Manager LP now owns 518,732 shares of the company's stock worth $4,404,000 after acquiring an additional 209,804 shares during the last quarter. MAC Alpha Capital Management LP lifted its position in shares of Sibanye Gold by 81.4% in the second quarter. MAC Alpha Capital Management LP now owns 1,588,307 shares of the company's stock worth $13,486,000 after purchasing an additional 712,537 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Sibanye Gold during the second quarter worth $9,126,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Sibanye Gold during the second quarter worth $6,479,000. 34.93% of the stock is currently owned by institutional investors.

Sibanye Gold Stock Up 0.2%

Shares of NYSE:SBSW opened at $10.16 on Wednesday. The company's 50-day moving average price is $10.99 and its 200 day moving average price is $11.11. The company has a current ratio of 2.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62. Sibanye Gold has a fifty-two week low of $7.87 and a fifty-two week high of $21.29.

Sibanye Gold Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.4985 per share. This represents a yield of 856.0%. The ex-dividend date is Friday, September 18th.

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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