Sibanye Gold Limited (NYSE:SBSW) Stock Has Average Target Price of $16.32

Sibanye Gold Limited (NYSE:SBSW) has been given an average rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $16.32.

SBSW has been the topic of several research reports. Weiss Ratings upgraded shares of Sibanye Gold from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. BMO Capital Markets reduced their price objective on shares of Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, July 14th. Zacks Research lowered shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price objective on the stock in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 6th.

Sibanye Gold Stock Performance

Shares of SBSW stock opened at $9.20 on Friday. The stock has a 50-day simple moving average of $11.10 and a 200 day simple moving average of $10.83. Sibanye Gold has a fifty-two week low of $7.87 and a fifty-two week high of $21.29. The company has a quick ratio of 1.37, a current ratio of 2.72 and a debt-to-equity ratio of 0.62.

Sibanye Gold Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th were paid a dividend of $0.4985 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a dividend yield of 856.0%.

Institutional Trading of Sibanye Gold

Hedge funds have recently bought and sold shares of the company. Fermata Advisors LLC boosted its holdings in shares of Sibanye Gold by 12.4% in the second quarter. Fermata Advisors LLC now owns 11,313 shares of the company’s stock worth $96,000 after buying an additional 1,250 shares during the period. Redhawk Wealth Advisors Inc. increased its position in shares of Sibanye Gold by 12.8% in the second quarter. Redhawk Wealth Advisors Inc. now owns 16,434 shares of the company’s stock worth $140,000 after acquiring an additional 1,869 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after acquiring an additional 1,872 shares during the period. Petra Financial Advisors Inc. raised its stake in Sibanye Gold by 4.3% during the 1st quarter. Petra Financial Advisors Inc. now owns 56,145 shares of the company’s stock valued at $692,000 after purchasing an additional 2,304 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in Sibanye Gold during the 3rd quarter valued at $26,000. 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 company headquartered in South Africa. The company produces precious metals, including platinum-group metals (PGMs) and gold, and is also developing interests in battery metals and metals recycling.

The company was established in 2013 when Gold Fields separated several of its South African gold assets into a separately listed business. Sibanye expanded internationally through the acquisition of Stillwater Mining Company in the United States in 2017 and Lonmin in 2019.