Sibanye Gold (NYSE:SBSW) Shares Gap Down After Analyst Downgrade

Sibanye Gold Limited (NYSE:SBSW) shares gapped down prior to trading on Thursday after Royal Bank Of Canada lowered their price target on the stock from $18.00 to $17.00. The stock had previously closed at $15.88, but opened at $15.08. Royal Bank Of Canada currently has an outperform rating on the stock. Sibanye Gold shares last traded at $15.4150, with a volume of 1,923,949 shares.

SBSW has been the subject of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price for the company in a research note on Friday, January 23rd. BMO Capital Markets upped their price target on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Wall Street Zen cut Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sibanye Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.93.

Hedge Funds Weigh In On Sibanye Gold

Several hedge funds and other institutional investors have recently bought and sold shares of SBSW. Corient Private Wealth LLC raised its position in shares of Sibanye Gold by 12.8% in the fourth quarter. Corient Private Wealth LLC now owns 25,387 shares of the company’s stock worth $362,000 after acquiring an additional 2,889 shares during the period. Mackenzie Financial Corp boosted its position in Sibanye Gold by 4.5% during the fourth quarter. Mackenzie Financial Corp now owns 227,499 shares of the company’s stock worth $3,315,000 after purchasing an additional 9,886 shares in the last quarter. Empowered Funds LLC increased its position in shares of Sibanye Gold by 70.6% in the fourth quarter. Empowered Funds LLC now owns 46,871 shares of the company’s stock valued at $668,000 after buying an additional 19,392 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Sibanye Gold during the 4th quarter worth approximately $1,832,000. Finally, SummitTX Capital L.P. grew its stake in Sibanye Gold by 37.3% in the 4th quarter. SummitTX Capital L.P. now owns 434,219 shares of the company’s stock valued at $6,188,000 after acquiring an additional 117,967 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Gold Stock Performance

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 fifty day simple moving average of $16.22 and a two-hundred day simple moving average of $12.37.

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.