Sibanye Gold (NYSE:SBSW) Shares Gap Up – Here’s What Happened

Sibanye Gold Limited (NYSE:SBSW)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $9.86, but opened at $10.92. Sibanye Gold shares last traded at $10.9970, with a volume of 1,187,227 shares trading hands.

Analyst Ratings Changes

SBSW has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Tuesday, April 21st. Zacks Research downgraded Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada lowered their price target on Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sibanye Gold presently has an average rating of “Hold” and an average target price of $19.93.

Sibanye Gold Stock Performance

The business has a 50-day moving average of $12.15 and a two-hundred day moving average of $13.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 1.78.

Insiders Place Their Bets

In other news, Director Richard Peter Menell bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average cost of $11.43 per share, with a total value of $28,575.00. Following the completion of the transaction, the director directly owned 2,500 shares in the company, valued at $28,575. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sibanye Gold

Institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its holdings in Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,872 shares in the last quarter. MAI Capital Management boosted its holdings in Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after purchasing an additional 1,169 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Sibanye Gold during the fourth quarter valued at approximately $29,000. Blue Trust Inc. boosted its holdings in Sibanye Gold by 84.1% during the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings 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 in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.