Sibanye Gold (NYSE:SBSW) Stock Rating Upgraded by Citigroup

Key Points

• Citigroup upgraded Sibanye Gold from “neutral” to “buy” and set a $13.50 price target, implying 25.93% upside from the reported $10.72 share price.
• Analyst sentiment remains mixed: the consensus rating is “Hold,” with an average target price of $16.82, while other recent firms issued ratings ranging from “strong sell” to “market perform.”
• SBSW shares opened 1% higher at $10.72, well below their 52-week high of $21.29; institutional investors own 34.93% of the company, and a director recently purchased 15,000 shares.

Sibanye Gold (NYSE:SBSW - Get Free Report) was upgraded by stock analysts at Citigroup from a "neutral" rating to a "buy" rating in a report released on Thursday, MarketBeat reports. The brokerage currently has a $13.50 price target on the stock. Citigroup's price objective would suggest a potential upside of 25.93% from the stock's current price.

A number of other brokerages have also recently commented on SBSW. BMO Capital Markets dropped their price target on Sibanye Gold from $14.00 to $12.00 and set a "market perform" rating on the stock in a research report on Tuesday, July 14th. Zacks Research lowered Sibanye Gold from a "hold" rating to a "strong sell" rating in a report on Thursday, July 9th. Wall Street Zen cut Sibanye Gold from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sibanye Gold in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.82.

Sibanye Gold Stock Up 1.0%

Shares of NYSE SBSW opened at $10.72 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86. The stock has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $12.30. Sibanye Gold has a 1-year low of $7.09 and a 1-year high of $21.29.

Insider Activity at Sibanye Gold

In related news, Director Richard Peter Menell purchased 15,000 shares of Sibanye Gold stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the transaction, the director owned 25,125 shares in the company, valued at $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is owned by insiders.

Institutional Trading of Sibanye Gold

A number of institutional investors have recently added to or reduced their stakes in SBSW. AQR Capital Management LLC increased its position in shares of Sibanye Gold by 113.9% during the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company's stock valued at $183,000 after buying an additional 21,248 shares during the period. Millennium Management LLC grew its stake in Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock valued at $14,526,000 after acquiring an additional 2,487,648 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock worth $16,379,000 after acquiring an additional 2,370,443 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Sibanye Gold during the 1st quarter worth approximately $55,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Sibanye Gold in the 2nd quarter worth approximately $186,000. Hedge funds and other institutional investors own 34.93% of the company's stock.

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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