Sibanye Gold (NYSE:SBSW) Stock Price Down 3.7% – Here’s Why

Sibanye Gold Limited (NYSE:SBSW) shares dropped 3.7% on Monday . The company traded as low as $11.36 and last traded at $11.2230. Approximately 676,007 shares were traded during trading, a decline of 89% from the average daily volume of 5,993,516 shares. The stock had previously closed at $11.66.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SBSW shares. Zacks Research upgraded Sibanye Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 6th. BMO Capital Markets cut their price objective on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Royal Bank Of Canada reduced their price objective on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, September 16th. Finally, Citigroup raised Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 target price for the company in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.32.

Sibanye Gold Trading Up 2.5%

The firm has a fifty day moving average of $10.78 and a 200 day moving average of $11.25. The company has a current ratio of 2.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.62.

Sibanye Gold Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, October 6th. Investors of record on Friday, September 18th will be paid a $0.4985 dividend. This represents a dividend yield of 856.0%. The ex-dividend date is Friday, September 18th.

Insider Transactions at Sibanye Gold

In other news, Director Richard Menell purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price 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 represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SBSW. AdvisorNet Financial Inc lifted its position in shares of Sibanye Gold by 1,462.5% during the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after buying an additional 1,872 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Sibanye Gold by 3,289.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,915 shares of the company’s stock worth $70,000 after acquiring an additional 4,770 shares in the last quarter. Blue Trust Inc. increased its holdings in Sibanye Gold by 127.4% in the 1st quarter. Blue Trust Inc. now owns 4,987 shares of the company’s stock worth $61,000 after acquiring an additional 2,794 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Sibanye Gold during the fourth quarter worth $73,000. Finally, Stevens Capital Partners acquired a new position in Sibanye Gold during the first quarter worth $124,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Company Profile

Sibanye-Stillwater, formerly known as Sibanye Gold, is a multinational mining and metals company headquartered in South Africa. The company was established in 2012 through the restructuring of Gold Fields’ South African assets and adopted the Sibanye-Stillwater name in 2016 as it expanded beyond gold mining.

The company produces gold, platinum-group metals (PGMs), and associated by-products. Its operations have included gold mines in South Africa; platinum, palladium, rhodium and other PGM assets in South Africa and the United States; and PGM recycling activities.