Shares of Sibanye Gold Limited (NYSE:SBSW - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $7.70 and last traded at $7.57, with a volume of 5074434 shares traded. The stock had previously closed at $7.62.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SBSW. Royal Bank Of Canada raised shares of Sibanye Gold from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $4.70 to $5.30 in a research note on Tuesday, March 18th. Wall Street Zen raised Sibanye Gold from a "hold" rating to a "buy" rating in a report on Saturday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.73.
Check Out Our Latest Research Report on SBSW
Sibanye Gold Trading Down 0.7%
The stock has a market capitalization of $5.35 billion, a PE ratio of 14.55 and a beta of 0.75. The company's 50 day moving average price is $6.07 and its two-hundred day moving average price is $4.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.32 and a quick ratio of 1.10.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of Sibanye Gold in the first quarter valued at approximately $343,000. Ashton Thomas Private Wealth LLC purchased a new position in Sibanye Gold during the first quarter worth approximately $55,000. Goldman Sachs Group Inc. boosted its stake in Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock worth $16,379,000 after buying an additional 2,370,443 shares during the last quarter. Millennium Management LLC grew its holdings in Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock valued at $14,526,000 after buying an additional 2,487,648 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Sibanye Gold by 113.9% in the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company's stock valued at $183,000 after buying an additional 21,248 shares in the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.
About Sibanye Gold
(
Get Free Report)
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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