Sibanye Gold (NYSE:SBSW) Sets New 52-Week High - Still a Buy?

Key Points

• Sibanye Gold Limited's shares reached a new 52-week high of $11.84, indicating strong market performance with a trading volume of 379,670 shares.
• Analysts have a mixed outlook on the stock, with BMO Capital Markets raising the price target to $8.50, while Wall Street Zen downgraded it from "strong-buy" to "buy."
• Institutional investors are actively engaging with the stock, with significant increases in holdings reported by multiple firms, highlighting growing interest in Sibanye Gold.

Shares of Sibanye Gold Limited (NYSE:SBSW - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $11.67 and last traded at $11.84, with a volume of 379670 shares traded. The stock had previously closed at $11.24.

Analyst Upgrades and Downgrades

SBSW has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Sibanye Gold from $7.00 to $8.50 and gave the stock a "market perform" rating in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $6.07.

Sibanye Gold Stock Performance

The stock has a market cap of $8.41 billion, a P/E ratio of 22.91 and a beta of 0.65. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. The firm's 50-day moving average is $8.85 and its two-hundred day moving average is $6.85.

Institutional Investors Weigh In On Sibanye Gold

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Sibanye Gold by 112.2% during 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 last quarter. Ameriprise Financial Inc. acquired a new position in Sibanye Gold during the 4th quarter worth about $35,000. Strategic Investment Solutions Inc. IL acquired a new position in Sibanye Gold during the 2nd quarter worth about $36,000. Creative Financial Designs Inc. ADV lifted its position in Sibanye Gold by 35.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company's stock worth $42,000 after buying an additional 2,400 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Sibanye Gold by 745.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,805 shares of the company's stock worth $49,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

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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