Sibanye Gold (NYSE:SBSW) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of Sibanye Gold (NYSE:SBSW) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Separately, BMO Capital Markets increased their target price on shares of Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.07.

Sibanye Gold Stock Performance

NYSE SBSW opened at $10.07 on Friday. The company has a 50-day moving average of $8.63 and a 200-day moving average of $6.58. Sibanye Gold has a 12 month low of $3.05 and a 12 month high of $10.08. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On Sibanye Gold

Several large investors have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its stake in Sibanye Gold by 13.1% during the first quarter. Avantax Advisory Services Inc. now owns 17,659 shares of the company’s stock worth $81,000 after purchasing an additional 2,050 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sibanye Gold by 112.2% during the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock worth $30,000 after purchasing an additional 2,228 shares during the last quarter. Comprehensive Money Management Services LLC lifted its stake in Sibanye Gold by 5.9% during the first quarter. Comprehensive Money Management Services LLC now owns 40,301 shares of the company’s stock worth $185,000 after purchasing an additional 2,250 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Sibanye Gold by 35.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock worth $42,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Petra Financial Advisors Inc. lifted its stake in Sibanye Gold by 4.8% during the second quarter. Petra Financial Advisors Inc. now owns 56,445 shares of the company’s stock worth $408,000 after purchasing an additional 2,604 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

About Sibanye Gold

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.