Sibanye Gold (NYSE:SBSW) Shares Gap Up - Time to Buy?

Key Points

• Sibanye Gold Limited shares gapped up from $10.19 to $10.50 prior to trading, currently trading at $10.86 with nearly 3 million shares exchanged.
• Analysts have mixed sentiments with Wall Street Zen lowering the rating to "buy" and BMO Capital Markets raising the target price from $7.00 to $8.50, while the consensus rating remains a "Hold".
• Institutional investors and hedge funds hold approximately 34.93% of Sibanye Gold's stock, with some hedge funds significantly increasing their stakes in recent quarters.

Sibanye Gold Limited (NYSE:SBSW - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $10.19, but opened at $10.50. Sibanye Gold shares last traded at $10.86, with a volume of 2,997,566 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on SBSW shares. Wall Street Zen lowered Sibanye Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 20th. BMO Capital Markets raised their target price on Sibanye Gold from $7.00 to $8.50 and gave the company a "market perform" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus 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 has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $6.63. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 20.55 and a beta of 0.65.

Hedge Funds Weigh In On Sibanye Gold

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake 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 valued at about $35,000. Strategic Investment Solutions Inc. IL acquired a new position in Sibanye Gold during the 2nd quarter valued at about $36,000. Creative Financial Designs Inc. ADV boosted its stake 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 valued at $42,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Sibanye Gold by 745.3% in 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 during the last quarter. 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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