Sibanye Gold (NYSE:SBGL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, September 21st.
According to Zacks, “Sibanye Gold Limited is a gold mining company. It operates two gold mines: the Kloof Driefontein Complex (KDC) and the Beatrix gold mines. Sibanye Gold Limited is based in Houghton, South Africa. “
Several other equities research analysts have also recently issued reports on SBGL. Citigroup cut Sibanye Gold from a “buy” rating to a “neutral” rating in a report on Wednesday, June 27th. ValuEngine lowered Sibanye Gold from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Finally, Macquarie lowered Sibanye Gold from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.75.
Shares of SBGL stock traded up $0.06 during trading hours on Friday, hitting $3.22. The stock had a trading volume of 4,066,021 shares, compared to its average volume of 3,797,075. Sibanye Gold has a one year low of $2.02 and a one year high of $5.66. The company has a current ratio of 1.85, a quick ratio of 1.30 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $613.47 million, a price-to-earnings ratio of -80.50 and a beta of -0.01.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank boosted its position in shares of Sibanye Gold by 119.5% during the first quarter. Comerica Bank now owns 29,211 shares of the basic materials company’s stock valued at $107,000 after buying an additional 15,905 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Sibanye Gold by 2,705.1% during the second quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock valued at $116,000 after buying an additional 46,527 shares during the period. CIBC World Markets Inc. purchased a new position in shares of Sibanye Gold during the first quarter valued at approximately $196,000. Barclays PLC boosted its position in shares of Sibanye Gold by 604.9% during the first quarter. Barclays PLC now owns 56,389 shares of the basic materials company’s stock valued at $226,000 after buying an additional 48,389 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sibanye Gold by 39.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,268 shares of the basic materials company’s stock valued at $344,000 after buying an additional 39,991 shares during the period. Institutional investors own 56.24% of the company’s stock.
Sibanye Gold Company Profile
Sibanye Gold Limited operates as a precious metals mining company in South Africa, Zimbabwe, and the United States. The company operates through PGM; and Gold and Uranium divisions. It owns and operates gold, and platinum group metals (PGM), including platinum, palladium, and rhodium operations and projects, as well as produces by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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