Sibanye Gold Limited (NYSE:SBSW) Stock Has Consensus Target Price of $16.32 According to Brokerages

Sibanye Gold Limited (NYSE:SBSW) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $16.32.

A number of equities research analysts recently weighed in on SBSW shares. Weiss Ratings raised Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research report on Thursday, August 13th. BMO Capital Markets lowered their price target on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada cut their price objective on shares of Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th.

Hedge Funds Weigh In On Sibanye Gold

Several institutional investors and hedge funds have recently bought and sold shares of SBSW. Arrowstreet Capital Limited Partnership increased its position in shares of Sibanye Gold by 21.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock worth $109,687,000 after purchasing an additional 1,587,183 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted its position in shares of Sibanye Gold by 20.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock worth $52,607,000 after purchasing an additional 730,389 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sibanye Gold by 31.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,762,347 shares of the company’s stock worth $33,977,000 after buying an additional 655,929 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Sibanye Gold by 28.7% during the 4th quarter. BNP Paribas Financial Markets now owns 2,255,549 shares of the company’s stock worth $32,142,000 after buying an additional 503,180 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Sibanye Gold during the 1st quarter valued at about $22,507,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Gold Price Performance

Shares of NYSE:SBSW opened at $9.97 on Wednesday. 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 has a 12-month low of $7.87 and a 12-month high of $21.29. The business’s fifty day simple moving average is $11.08 and its 200-day simple moving average is $11.05.

Sibanye Gold Announces Dividend

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

Sibanye Gold Company Profile

Sibanye Gold, now known as Sibanye-Stillwater Limited, is a multinational mining and metals processing company headquartered in South Africa. The company was established in 2012 after being spun out of Gold Fields’ South African mining operations and adopted the Sibanye-Stillwater name following its acquisition of Stillwater Mining Company in the United States in 2017.

Sibanye-Stillwater is primarily involved in the production of platinum-group metals, including platinum, palladium and rhodium, as well as gold and selected battery and base metals.