Sibanye Gold (NYSE:SBSW) Reaches New 52-Week High - Time to Buy?

Key Points

• Sibanye Gold's stock reached a new 52-week high at $9.90 with a trading volume of 720,874 shares, after closing at $9.54 previously.
• Analyst ratings show that BMO Capital Markets raised its price target for Sibanye Gold from $7.00 to $8.50, while Wall Street Zen downgraded the stock from "strong-buy" to "buy."
• Institutional investors own 34.93% of Sibanye Gold, with significant increases in holdings by several large investors during the second quarter.

Sibanye Gold Limited (NYSE:SBSW - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $9.90 and last traded at $9.78, with a volume of 720874 shares. The stock had previously closed at $9.54.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a "market perform" rating in a research report on Tuesday, September 2nd. Wall Street Zen cut shares of Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.07.

Sibanye Gold Stock Performance

The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. The stock's 50-day simple moving average is $8.60 and its 200 day simple moving average is $6.53. The company has a market cap of $6.88 billion, a PE ratio of 18.74 and a beta of 0.65.

Institutional Investors Weigh In On Sibanye Gold

Several large investors have recently made changes to their positions in SBSW. GAMMA Investing LLC boosted its stake in Sibanye Gold by 112.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,213 shares of the company's stock valued at $30,000 after purchasing an additional 2,228 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Sibanye Gold in the 2nd quarter worth $36,000. Farther Finance Advisors LLC lifted its position in Sibanye Gold by 745.3% during the second quarter. Farther Finance Advisors LLC now owns 6,805 shares of the company's stock valued at $49,000 after purchasing an additional 6,000 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Sibanye Gold by 35.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company's stock worth $42,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Ascent Group LLC acquired a new stake in shares of Sibanye Gold in the second quarter worth $74,000. Institutional investors own 34.93% of the company's stock.

Sibanye Gold Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.

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