Sibanye Gold (NYSE:SBSW) Sets New 12-Month High - Here's What Happened

Sibanye Gold Limited (NYSE:SBSW - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $7.70 and last traded at $7.57, with a volume of 5074434 shares. The stock had previously closed at $7.62.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of Sibanye Gold from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Wall Street Zen downgraded Sibanye Gold from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Sibanye Gold currently has a consensus rating of "Hold" and a consensus target price of $5.05.

Sibanye Gold Price Performance

The business has a 50 day simple moving average of $5.96 and a two-hundred day simple moving average of $4.57. The firm has a market capitalization of $5.35 billion, a P/E ratio of 14.55 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.10 and a current ratio of 2.32.

Institutional Trading of Sibanye Gold

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in Sibanye Gold during the 1st quarter valued at $343,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sibanye Gold in the 1st quarter worth $55,000. Goldman Sachs Group Inc. increased its position in Sibanye Gold by 196.6% in 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 in the last quarter. Millennium Management LLC raised its stake in Sibanye Gold by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock worth $14,526,000 after acquiring an additional 2,487,648 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Sibanye Gold by 113.9% during the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company's stock valued at $183,000 after purchasing an additional 21,248 shares during the period. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

About Sibanye Gold

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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