Sibanye Gold (NYSE:SBSW) Rating Lowered to Buy at Wall Street Zen

Sibanye Gold (NYSE:SBSW) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other brokerages also recently commented on SBSW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. Zacks Research raised Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Finally, BMO Capital Markets upped their price objective on shares of Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.90.

Sibanye Gold Trading Up 2.4%

Shares of SBSW traded up $0.25 on Friday, hitting $10.64. 6,587,061 shares of the stock traded hands, compared to its average volume of 9,380,086. Sibanye Gold has a 1 year low of $3.05 and a 1 year high of $13.11. The stock’s 50 day moving average is $10.29 and its two-hundred day moving average is $8.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89.

Hedge Funds Weigh In On Sibanye Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lingotto Investment Management LLP boosted its holdings in Sibanye Gold by 0.9% in the second quarter. Lingotto Investment Management LLP now owns 28,430,409 shares of the company’s stock valued at $205,268,000 after purchasing an additional 263,600 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Sibanye Gold by 32,992.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock worth $46,246,000 after purchasing an additional 6,385,932 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Sibanye Gold by 77.0% during the second quarter. Marshall Wace LLP now owns 4,752,858 shares of the company’s stock worth $34,316,000 after purchasing an additional 2,068,178 shares during the last quarter. ABC Arbitrage SA grew its stake in Sibanye Gold by 260.1% in the third quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock worth $45,329,000 after purchasing an additional 2,912,995 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Sibanye Gold by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after buying an additional 2,370,443 shares in the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Gold Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.