Sibanye Gold (NYSE:SBSW) Raised to “Buy” at Wall Street Zen

Sibanye Gold (NYSE:SBSW) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Royal Bank Of Canada upgraded Sibanye Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $4.70 to $5.30 in a research note on Tuesday, March 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.73.

Sibanye Gold Stock Performance

Sibanye Gold stock opened at $7.57 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.10 and a current ratio of 2.32. The stock’s 50 day moving average is $6.07 and its 200 day moving average is $4.62. Sibanye Gold has a twelve month low of $3.05 and a twelve month high of $7.70.

Hedge Funds Weigh In On Sibanye Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBSW. Rhumbline Advisers lifted its position in Sibanye Gold by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after acquiring an additional 3,120 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Sibanye Gold in the 4th quarter valued at approximately $132,000. Raymond James Financial Inc. bought a new position in Sibanye Gold in the 4th quarter valued at approximately $5,814,000. Banco Santander S.A. lifted its position in Sibanye Gold by 16.9% in the 4th quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock valued at $99,000 after acquiring an additional 4,344 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Sibanye Gold by 100.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 75,858 shares of the company’s stock valued at $250,000 after acquiring an additional 37,949 shares in the last quarter. 34.93% of the stock is owned by institutional investors.

Sibanye Gold Company Profile

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.