Sibanye Gold (NYSE:SBSW) Downgraded by Zacks Research to “Strong Sell”

by · The Markets Daily

Sibanye Gold (NYSE:SBSW – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.93.

Read Our Latest Report on Sibanye Gold

Sibanye Gold Price Performance

Shares of NYSE SBSW opened at $8.54 on Thursday. Sibanye Gold has a 1 year low of $7.09 and a 1 year high of $21.29. The firm has a fifty day moving average price of $10.67 and a 200-day moving average price of $13.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.78 and a quick ratio of 0.86.

Insider Buying and Selling

In other Sibanye Gold news, Director Richard Peter Menell purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $2.19 per share, with a total value of $32,850.00. Following the acquisition, the director owned 25,125 shares in the company, valued at approximately $55,023.75. This trade represents a 148.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Sibanye Gold

A number of institutional investors have recently added to or reduced their stakes in SBSW. Arrowstreet Capital Limited Partnership raised its position in shares of Sibanye Gold by 21.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,903,127 shares of the company’s stock valued at $109,687,000 after buying an additional 1,587,183 shares during the last quarter. Condire Management LP boosted its position in shares of Sibanye Gold by 5.6% during the fourth quarter. Condire Management LP now owns 5,244,469 shares of the company’s stock worth $74,734,000 after acquiring an additional 279,540 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Sibanye Gold during the fourth quarter valued at $63,023,000. Goehring & Rozencwajg Associates LLC grew its stake in Sibanye Gold by 20.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,270,069 shares of the company’s stock valued at $52,607,000 after acquiring an additional 730,389 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Sibanye Gold by 196.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company’s stock valued at $16,379,000 after acquiring an additional 2,370,443 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

Sibanye Gold Company Profile

(Get Free Report)

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.

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