Sibanye Gold (NYSE:SBSW) Shares Gap Up - Here's What Happened

Key Points

• Sibanye Gold's share price gapped up from a closing price of $10.95 to an opening price of $11.80 on Monday, ultimately trading at $11.54 with significant volume of 1,959,150 shares.
• Analysts have mixed views on Sibanye Gold: Weiss Ratings rated it as "sell," while Wall Street Zen upgraded it to "strong-buy," indicating divergent forecasts on the stock's performance.
• Institutional ownership in Sibanye Gold stands at 34.93%, with recent purchases by several large investors, including GAMMA Investing LLC, which increased its holdings by 112.2% in the last quarter.

Sibanye Gold Limited (NYSE:SBSW - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $10.95, but opened at $11.80. Sibanye Gold shares last traded at $11.54, with a volume of 1,959,150 shares.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SBSW. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Sibanye Gold from a "buy" rating to a "strong-buy" rating in a report on Friday, October 3rd. Finally, BMO Capital Markets upped their target price on shares of Sibanye Gold from $7.00 to $8.50 and gave the stock a "market perform" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.07.

Sibanye Gold Stock Up 8.1%

The business's 50 day moving average price is $9.23 and its 200-day moving average price is $7.26. The firm has a market capitalization of $8.37 billion, a PE ratio of 22.72 and a beta of 0.71. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89.

Institutional Trading of Sibanye Gold

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sibanye Gold in the second quarter worth approximately $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 buying an additional 6,000 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Sibanye Gold by 35.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company's stock valued at $42,000 after purchasing an additional 2,400 shares during the period. Finally, Ascent Group LLC bought a new stake in shares of Sibanye Gold in the second quarter worth $74,000. Institutional investors and hedge funds 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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