Sibanye Gold Limited (NYSE:SBSW) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Five brokerages give Sibanye Gold a consensus rating of Hold (1 sell, 2 hold, 2 buy) with an average 1‑year target price of $19.93; recent analyst actions include RBC cutting its target to $17 and HSBC upgrading to a buy at $24.80.
• Price and dividend snapshot: Shares opened at $12.05, trading in a 52‑week range of $4.52–$21.29 with 50‑ and 200‑day SMAs near $13.34 and $13.83, and the company paid an annual dividend of $0.2614 (reported yield 292.0%).
• Insider and institutional activity: Directors Richard Menell and Thabane Maphai recently bought 2,500 and 12,000 shares respectively, insiders own 0.05% of the stock, and institutional investors hold about 34.93%.

Sibanye Gold Limited (NYSE:SBSW - Get Free Report) has earned a consensus rating of "Hold" from the five brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $19.9333.

SBSW has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an "outperform" rating on the stock in a research note on Thursday, February 19th. HSBC raised shares of Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 price objective on the stock in a research note on Friday, January 23rd. Wall Street Zen lowered shares of 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 Tuesday, April 21st. Finally, Zacks Research lowered shares of Sibanye Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $12.05 on Friday. The company's 50 day simple moving average is $13.34 and its 200 day simple moving average is $13.83. Sibanye Gold has a fifty-two week low of $4.52 and a fifty-two week high of $21.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86.

Sibanye Gold Announces Dividend

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

Insider Buying and Selling

In other Sibanye Gold news, Director Richard Peter Menell acquired 2,500 shares of the stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the acquisition, the director directly owned 2,500 shares of the company's stock, valued at approximately $28,575. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thabane Vincent Maphai acquired 12,000 shares of the stock in a transaction dated Monday, March 16th. The stock was acquired at an average price 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 $1,869,974.52. The trade was a 9.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.05% of the stock is owned by company insiders.

Institutional Trading of Sibanye Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hohimer Wealth Management LLC acquired a new position in Sibanye Gold during the third quarter worth $3,151,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Sibanye Gold by 3,802.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company's stock worth $2,862,000 after buying an additional 248,108 shares during the last quarter. Dorsey Wright & Associates acquired a new position in Sibanye Gold during the third quarter worth $1,909,000. Envestnet Asset Management Inc. increased its holdings in Sibanye Gold by 741.7% during the third quarter. Envestnet Asset Management Inc. now owns 216,358 shares of the company's stock worth $2,432,000 after buying an additional 190,654 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its holdings in Sibanye Gold by 5,555.7% during the third quarter. Jefferies Financial Group Inc. now owns 706,965 shares of the company's stock worth $7,964,000 after buying an additional 694,465 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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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