Sibanye Gold (NYSE:SBSW) Reaches New 1-Year High – What’s Next?

by · The Cerbat Gem

Sibanye Gold Limited (NYSE:SBSW – Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $13.12 and last traded at $13.1050, with a volume of 1898045 shares traded. The stock had previously closed at $12.58.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SBSW. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen downgraded Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, BMO Capital Markets raised their price target on Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sibanye Gold has an average rating of “Hold” and a consensus price target of $6.90.

Read Our Latest Report on Sibanye Gold

Sibanye Gold Stock Performance

The company’s 50 day simple moving average is $11.14 and its 200-day simple moving average is $8.84. The company has a quick ratio of 1.53, a current ratio of 2.89 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On Sibanye Gold

A number of institutional investors have recently added to or reduced their stakes in the business. MAI Capital Management boosted its position in shares of Sibanye Gold by 87.8% during the 3rd quarter. MAI Capital Management now owns 2,500 shares of the company’s stock valued at $28,000 after acquiring an additional 1,169 shares during the last quarter. Archer Investment Corp purchased a new position in Sibanye Gold in the 3rd quarter worth approximately $34,000. PNC Financial Services Group Inc. raised its position in shares of Sibanye Gold by 116.8% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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. Finally, State of Wyoming purchased a new position in Sibanye Gold in the third quarter worth $39,000. 34.93% of the stock is currently owned by institutional investors.

About Sibanye Gold

(Get Free Report)

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.

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