Sibanye Gold (NYSE:SBSW) Shares Gap Down – Time to Sell?

Sibanye Gold Limited (NYSE:SBSW)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $9.00, but opened at $8.45. Sibanye Gold shares last traded at $8.7180, with a volume of 1,203,746 shares changing hands.

Analysts Set New Price Targets

SBSW has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Zacks Research lowered shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.93.

Sibanye Gold Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78. The firm’s 50 day moving average price is $11.76 and its 200-day moving average price is $13.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its holdings in Sibanye Gold by 113.9% in the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company’s stock worth $183,000 after acquiring an additional 21,248 shares in the last quarter. Millennium Management LLC lifted its holdings in Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after purchasing an additional 2,487,648 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 purchasing an additional 2,370,443 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sibanye Gold in the first quarter valued at about $55,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Sibanye Gold in the second quarter valued at about $186,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Company Profile

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.