Analysts Set Sibanye Gold Limited (NYSE:SBSW) PT at $19.93

Shares of Sibanye Gold Limited (NYSE:SBSW) have earned an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.9333.

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Zacks Research cut Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th.

Sibanye Gold Price Performance

SBSW opened at $8.91 on Monday. The stock has a 50-day moving average price of $11.49 and a 200-day moving average price of $13.75. Sibanye Gold has a 12-month low of $6.95 and a 12-month high of $21.29. The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73.

Hedge Funds Weigh In On Sibanye Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. Moors & Cabot Inc. boosted its holdings in Sibanye Gold by 4.8% during the 4th quarter. Moors & Cabot Inc. now owns 14,250 shares of the company’s stock valued at $203,000 after acquiring an additional 650 shares during the period. EverSource Wealth Advisors LLC boosted its holdings 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 acquiring an additional 656 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. boosted its holdings in Sibanye Gold by 84.1% during the 4th quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after acquiring an additional 1,002 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Sibanye Gold by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 25,438 shares of the company’s stock valued at $362,000 after acquiring an additional 1,019 shares during the period. 34.93% of the stock is currently owned by hedge funds and other 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.