Sibanye Gold (NYSE:SBSW) Stock Price Up 7.3% – Should You Buy?

Shares of Sibanye Gold Limited (NYSE:SBSW) were up 7.3% on Friday . The stock traded as high as $12.81 and last traded at $12.68. 2,846,524 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 6,062,438 shares. The stock had previously closed at $11.82.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen lowered Sibanye Gold from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Citigroup upgraded Sibanye Gold from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a report on Thursday, August 13th. BMO Capital Markets cut their target price on Sibanye Gold from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a report on Friday, July 17th. Finally, Zacks Research cut Sibanye Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.82.

Sibanye Gold Stock Up 6.2%

The stock has a 50 day simple moving average of $9.32 and a 200 day simple moving average of $11.94. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Insider Buying and Selling

In other Sibanye Gold news, Director Richard Peter Menell acquired 15,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $32,850.00. Following the completion of the acquisition, the director owned 25,125 shares in the company, valued at approximately $55,023.75. This represents a 148.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Sibanye Gold

Large investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc raised its stake in shares of Sibanye Gold by 1,462.5% in the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,872 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Sibanye Gold by 116.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,298 shares of the company’s stock valued at $37,000 after buying an additional 1,777 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Sibanye Gold by 40.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after acquiring an additional 1,000 shares during the last quarter. GeoWealth Management LLC purchased a new position in Sibanye Gold during the 3rd quarter worth $43,000. Finally, US Bancorp DE grew its stake in shares of Sibanye Gold by 2,664.2% in the 3rd quarter. US Bancorp DE now owns 4,091 shares of the company’s stock worth $46,000 after acquiring an additional 3,943 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

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.