Sibanye Gold (NYSE:SBSW) Sets New 12-Month High – Time to Buy?

Shares of Sibanye Gold Limited (NYSE:SBSW) reached a new 52-week high during trading on Saturday . The stock traded as high as $14.08 and last traded at $13.2910, with a volume of 10335844 shares changing hands. The stock had previously closed at $13.13.

Wall Street Analyst Weigh In

SBSW has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a report on Tuesday, September 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research note on Wednesday, October 8th. Zacks Research raised Sibanye Gold to a “hold” rating in a research report on Monday, October 20th. Finally, Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.90.

Sibanye Gold Trading Up 1.2%

The stock’s 50 day simple moving average is $11.58 and its 200-day simple moving average is $9.41. 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

Several large investors have recently added to or reduced their stakes in the company. MAI Capital Management raised its stake in shares of Sibanye Gold by 87.8% in the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after purchasing an additional 1,169 shares during the last quarter. GAMMA Investing LLC increased its holdings in Sibanye Gold by 112.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after buying an additional 2,228 shares during the period. Archer Investment Corp purchased a new position in Sibanye Gold during the 3rd quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in Sibanye Gold during the 2nd quarter valued at approximately $36,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after acquiring an additional 1,777 shares during the last quarter. Hedge funds and other institutional investors 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.