Sibanye Gold (NYSE:SBSW) Shares Gap Up – Time to Buy?

Sibanye Gold Limited (NYSE:SBSW)’s share price gapped up before the market opened on Monday . The stock had previously closed at $9.86, but opened at $10.92. Sibanye Gold shares last traded at $10.9970, with a volume of 1,187,227 shares traded.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada decreased their target price on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.93.

Sibanye Gold Trading Up 0.3%

The company has a current ratio of 1.78, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average price is $12.08 and its 200-day moving average price is $13.95.

Insiders Place Their Bets

In other news, Director Richard Peter Menell purchased 2,500 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the acquisition, the director owned 2,500 shares in the company, valued at approximately $28,575. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD acquired a new position in shares of Sibanye Gold during the fourth quarter valued at about $63,023,000. Deutsche Bank AG acquired a new stake in shares of Sibanye Gold in the 4th quarter worth about $49,435,000. Arrowstreet Capital Limited Partnership lifted its position in Sibanye Gold by 81.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock valued at $104,252,000 after acquiring an additional 3,280,972 shares in the last quarter. Millennium Management LLC lifted its position in Sibanye Gold by 363.7% in the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after acquiring an additional 2,487,648 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Sibanye Gold by 196.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after purchasing an additional 2,370,443 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.