Sibanye Gold (NYSE:SBSW) Shares Gap Up - What's Next?

Key Points

• Sibanye Gold shares gapped up Monday, opening at $13.34 from a $12.57 close and last trading at $13.42 on ~1.49 million shares, a rise of about 4.4%.
• Analyst activity is mixed but positive overall: HSBC upgraded to a buy with a $24.80 target, and the consensus rating is "Moderate Buy" with an average price target of $19.93 (ratings: 1 Strong Buy, 2 Buy, 1 Hold, 1 Sell).
• The company announced an annual dividend of $0.2614 payable April 2 to shareholders of record March 20 (ex-dividend March 20), with the report citing a yield of 164.0%.

Sibanye Gold Limited (NYSE:SBSW - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $12.57, but opened at $13.34. Sibanye Gold shares last traded at $13.42, with a volume of 1,490,139 shares trading hands.

Wall Street Analyst Weigh In

SBSW has been the topic of a number of research reports. HSBC upgraded Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 price target on the stock in a research note on Friday, January 23rd. Royal Bank Of Canada lowered their target price on Sibanye Gold from $18.00 to $17.00 and set an "outperform" rating on the stock in a report on Thursday, February 19th. Wall Street Zen cut Sibanye Gold from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 14th. BMO Capital Markets boosted their price target on Sibanye Gold from $14.00 to $18.00 and gave the company a "market perform" rating in a research note on Tuesday, February 3rd. Finally, Zacks Research raised shares of Sibanye Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sibanye Gold has an average rating of "Moderate Buy" and a consensus price target of $19.93.

Sibanye Gold Stock Up 4.4%

The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average price of $16.53 and a 200 day moving average price of $13.21.

Sibanye Gold Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 20th will be paid a $0.2614 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a dividend yield of 164.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SBSW. Corient Private Wealth LLC lifted its holdings in Sibanye Gold by 14.0% during the fourth quarter. Corient Private Wealth LLC now owns 25,637 shares of the company's stock valued at $365,000 after purchasing an additional 3,139 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Sibanye Gold by 4,334.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,430 shares of the company's stock worth $92,000 after purchasing an additional 6,285 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Sibanye Gold in the fourth quarter worth $666,000. Dorsey Wright & Associates raised its position in shares of Sibanye Gold by 3.8% during the 4th quarter. Dorsey Wright & Associates now owns 176,283 shares of the company's stock valued at $2,512,000 after purchasing an additional 6,407 shares during the period. Finally, Compound Planning Inc. raised its position in shares of Sibanye Gold by 17.5% during the 4th quarter. Compound Planning Inc. now owns 23,866 shares of the company's stock valued at $340,000 after purchasing an additional 3,553 shares during the period. 34.93% of the stock is currently owned by institutional investors.

About Sibanye Gold

Sibanye Gold NYSE: SBSW is a precious metals mining company headquartered in Johannesburg, South Africa. The company's core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.

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