Sibanye Gold (NYSE:SBSW) Hits New 1-Year High – What’s Next?

Shares of Sibanye Gold Limited (NYSE:SBSW) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.27 and last traded at $14.2950, with a volume of 988191 shares traded. The stock had previously closed at $13.91.

Analyst Ratings Changes

A number of research firms recently weighed in on SBSW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. BMO Capital Markets upped their target price on Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a research note on Tuesday, September 2nd. Zacks Research raised shares of Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Finally, Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.90.

Sibanye Gold Price Performance

The company has a 50 day moving average of $11.76 and a 200 day moving average of $9.63. 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

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its stake in Sibanye Gold by 7.9% during the 1st quarter. American Century Companies Inc. now owns 1,522,220 shares of the company’s stock valued at $6,972,000 after acquiring an additional 111,259 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Sibanye Gold during the 1st quarter worth approximately $2,468,000. EntryPoint Capital LLC grew its position in shares of Sibanye Gold by 16.7% in the first quarter. EntryPoint Capital LLC now owns 45,037 shares of the company’s stock valued at $206,000 after purchasing an additional 6,440 shares in the last quarter. Jump Financial LLC grew its position in shares of Sibanye Gold by 75.9% in the first quarter. Jump Financial LLC now owns 1,330,582 shares of the company’s stock valued at $6,094,000 after purchasing an additional 574,182 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Sibanye Gold in the first quarter valued at approximately $53,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.