Sibanye Gold (NYSE:SBSW) Upgraded to Strong-Buy at Zacks Research

Sibanye Gold (NYSE:SBSW) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on SBSW. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.90.

Sibanye Gold Trading Up 1.3%

Shares of Sibanye Gold stock opened at $14.44 on Thursday. Sibanye Gold has a 12-month low of $3.05 and a 12-month high of $15.82. The company has a 50-day simple moving average of $12.49 and a 200 day simple moving average of $10.24. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On Sibanye Gold

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Sibanye Gold by 40.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares during the period. MAI Capital Management boosted its stake in Sibanye Gold by 87.8% in the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after acquiring an additional 1,169 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Sibanye Gold by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock valued at $192,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Fermata Advisors LLC grew its holdings in Sibanye Gold by 11.8% during the 3rd quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock worth $151,000 after acquiring an additional 1,418 shares during the period. Institutional investors own 34.93% of the company’s stock.

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.