Sibanye Gold (NYSE:SBSW) Shares Gap Up – Should You Buy?

Sibanye Gold Limited (NYSE:SBSW) shares gapped up before the market opened on Wednesday . The stock had previously closed at $10.56, but opened at $11.28. Sibanye Gold shares last traded at $11.4390, with a volume of 946,619 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on SBSW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Citigroup raised shares of Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 target price on the stock in a research note on Thursday, August 13th. BMO Capital Markets dropped 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 research report on Tuesday, July 14th. Wall Street Zen lowered shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research cut shares of Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Sibanye Gold has a consensus rating of “Hold” and a consensus price target of $16.82.

Sibanye Gold Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average price of $9.32 and a 200 day moving average price of $11.94.

Insiders Place Their Bets

In other news, Director Richard Peter Menell bought 15,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $2.19 per share, with a total value of $32,850.00. Following the completion of the acquisition, the director directly owned 25,125 shares in the company, valued at approximately $55,023.75. The trade was a 148.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sibanye Gold

Several large investors have recently made changes to their positions in the business. AdvisorNet Financial Inc grew its stake in shares of Sibanye Gold by 1,462.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,872 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Sibanye Gold by 116.8% during the third quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after purchasing an additional 1,777 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Sibanye Gold by 40.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the last quarter. GeoWealth Management LLC bought a new stake in Sibanye Gold during the third quarter worth approximately $43,000. Finally, US Bancorp DE boosted its holdings in Sibanye Gold by 2,664.2% during the third quarter. US Bancorp DE now owns 4,091 shares of the company’s stock worth $46,000 after buying an additional 3,943 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

About Sibanye Gold

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.