Sibanye Gold Limited (NYSE:SBSW) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Sibanye Gold an average recommendation of "Moderate Buy" from five brokerages (one sell, one hold, two buy, one strong buy) with an average 1‑year target price of $19.93.
• Shares opened at $12.36 with a 50‑day moving average of $14.79 and 200‑day of $13.64 (12‑month range $3.18–$21.29), and the company paid an annual dividend of $0.2614 on April 2, reported in the article as a 292.0% yield.
• Company insiders recently bought stock (Director Richard Menell 2,500 shares at $11.43; Director Thabane Maphai 12,000 shares at $13.34) while institutional investors — including Millennium, Goldman Sachs and AQR — materially increased their stakes, leaving institutions owning about 34.93% of the shares.

Sibanye Gold Limited (NYSE:SBSW - Get Free Report) has received an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.9333.

Several equities research analysts recently weighed in on SBSW shares. Wall Street Zen cut Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. BMO Capital Markets upped their price target on Sibanye Gold from $14.00 to $18.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 3rd. HSBC raised Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 target price on the stock in a report on Friday, January 23rd. Finally, Zacks Research raised Sibanye Gold from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 1st.

Sibanye Gold Stock Down 0.9%

Shares of SBSW stock opened at $12.36 on Wednesday. The business's fifty day moving average is $14.79 and its 200 day moving average is $13.64. Sibanye Gold has a twelve month low of $3.18 and a twelve month high of $21.29. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Sibanye Gold Announces Dividend

The business also recently announced an annual dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th were issued a $0.2614 dividend. This represents a yield of 292.0%. The ex-dividend date of this dividend was Friday, March 20th.

Insider Buying and Selling at Sibanye Gold

In related news, Director Richard Peter Menell bought 2,500 shares of the company's stock in a transaction on Tuesday, March 24th. The shares were acquired at an average cost of $11.43 per share, with a total value of $28,575.00. Following the completion of the acquisition, the director owned 2,500 shares of the company's stock, valued at $28,575. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thabane Vincent Maphai bought 12,000 shares of the company's stock in a transaction on Monday, March 16th. The stock was bought at an average cost of $13.34 per share, for a total transaction of $160,080.00. Following the completion of the acquisition, the director directly owned 140,178 shares of the company's stock, valued at approximately $1,869,974.52. This represents a 9.36% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.05% of the company's stock.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds have recently added to or reduced their stakes in SBSW. AQR Capital Management LLC boosted its holdings in Sibanye Gold by 113.9% in the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company's stock worth $183,000 after acquiring an additional 21,248 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock valued at $14,526,000 after purchasing an additional 2,487,648 shares in the last quarter. 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 purchasing an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Sibanye Gold during the first quarter valued at $55,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Sibanye Gold during the second quarter valued at $186,000. 34.93% of the stock is owned by institutional investors.

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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