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

Key Points

• Sibanye Gold shares gapped up from $11.14 to $11.82 pre-market and last traded around $12.02 on heavy volume, reflecting about a 7.3% move.
• Analyst sentiment is mixed but leans positive: one Strong Buy, two Buys, one Hold and one Sell produce an average "Moderate Buy" rating and an average price target of $19.93.
• Company actions show shareholder focus and insider confidence: Sibanye declared an annual dividend of $0.2614 per share (ex-dividend March 20) and directors recently purchased shares (12,000 at $13.34 and 2,500 at $11.43).

Sibanye Gold Limited (NYSE:SBSW - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $11.14, but opened at $11.82. Sibanye Gold shares last traded at $12.0240, with a volume of 1,153,413 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SBSW shares. Royal Bank Of Canada lowered their price target on shares of Sibanye Gold from $18.00 to $17.00 and set an "outperform" rating on the stock in a report on Thursday, February 19th. Zacks Research raised Sibanye Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 1st. BMO Capital Markets boosted their target price 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. HSBC raised Sibanye Gold from a "hold" rating to a "buy" rating and set a $24.80 target price on the stock in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sibanye Gold in a research note on Thursday, January 22nd. One investment 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Sibanye Gold has an average rating of "Moderate Buy" and an average price target of $19.93.

Sibanye Gold Stock Up 7.3%

The company's fifty day moving average is $15.53 and its 200-day moving average is $13.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

Sibanye Gold Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 20th will be issued a dividend of $0.2614 per share. This represents a yield of 292.0%. The ex-dividend date is Friday, March 20th.

Insider Activity

In other Sibanye Gold news, Director Richard Peter Menell purchased 2,500 shares of the stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of $11.43 per share, with a total value of $28,575.00. Following the completion of the transaction, the director owned 2,500 shares in the company, valued at $28,575. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thabane Vincent Maphai acquired 12,000 shares of the company's stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $13.34 per share, for a total transaction of $160,080.00. Following the completion of the purchase, the director directly owned 140,178 shares of the company's stock, valued at $1,869,974.52. This trade represents a 9.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.05% of the company's stock.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds have recently modified their holdings of SBSW. Moors & Cabot Inc. increased its position in Sibanye Gold by 4.8% during the fourth quarter. Moors & Cabot Inc. now owns 14,250 shares of the company's stock worth $203,000 after acquiring an additional 650 shares during the period. EverSource Wealth Advisors LLC raised its stake in Sibanye Gold by 6.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,591 shares of the company's stock valued at $151,000 after purchasing an additional 656 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Sibanye Gold by 22.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company's stock valued at $58,000 after purchasing an additional 934 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Sibanye Gold by 40.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company's stock worth $39,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Sibanye Gold by 84.1% in the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company's stock worth $31,000 after purchasing an additional 1,002 shares during the last quarter. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.