Sibanye Gold (NYSE:SBSW) Reaches New 1-Year High – Should You Buy?

Sibanye Gold Limited (NYSE:SBSW)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $17.05 and last traded at $16.9170, with a volume of 1459264 shares trading hands. The stock had previously closed at $15.65.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Wall Street Zen raised shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sibanye Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.90.

Sibanye Gold Trading Up 7.8%

The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $10.60.

Institutional Investors Weigh In On Sibanye Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Foster Group Inc. lifted its position in Sibanye Gold by 39.5% in the 4th quarter. Foster Group Inc. now owns 176,647 shares of the company’s stock worth $2,517,000 after buying an additional 50,000 shares during the last quarter. Diversified Trust Co. purchased a new position in shares of Sibanye Gold during the fourth quarter worth approximately $313,000. QP Wealth Management LLC bought a new stake in shares of Sibanye Gold in the 4th quarter worth approximately $922,000. Arlington Capital Management Inc. bought a new stake in shares of Sibanye Gold in the 4th quarter worth approximately $3,924,000. Finally, Confluence Investment Management LLC purchased a new stake in shares of Sibanye Gold in the 4th quarter valued at $709,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.