Sibanye Gold (NYSE:SBSW) Stock Rating Lowered by Zacks Research

Sibanye Gold (NYSE:SBSW) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other research firms have also commented on SBSW. Royal Bank Of Canada cut their price objective on Sibanye Gold from $16.50 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. Weiss Ratings raised Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 target price for the company in a research note on Thursday, August 13th. BMO Capital Markets dropped their target price on 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, Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 6th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $16.32.

Sibanye Gold Stock Performance

NYSE:SBSW opened at $9.70 on Tuesday. The firm’s fifty day simple moving average is $11.16 and its 200 day simple moving average is $10.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.72. Sibanye Gold has a twelve month low of $7.87 and a twelve month high of $21.29.

Hedge Funds Weigh In On Sibanye Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goehring & Rozencwajg Associates LLC grew its position in shares of Sibanye Gold by 20.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock worth $52,607,000 after buying an additional 730,389 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Sibanye Gold by 67.9% in the second quarter. Engineers Gate Manager LP now owns 518,732 shares of the company’s stock valued at $4,404,000 after acquiring an additional 209,804 shares in the last quarter. MAC Alpha Capital Management LP raised its holdings in Sibanye Gold by 81.4% in the second quarter. MAC Alpha Capital Management LP now owns 1,588,307 shares of the company’s stock valued at $13,486,000 after acquiring an additional 712,537 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Sibanye Gold in the second quarter valued at $6,479,000. Finally, Assenagon Asset Management S.A. bought a new position in Sibanye Gold during the 2nd quarter valued at $9,126,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.