Sibanye Gold Ltd. (NYSE:SBGL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.
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 analysts have also weighed in on SBGL. BMO Capital Markets began coverage on Sibanye Gold in a report on Wednesday, November 9th. They issued a “hold” rating for the company. Citigroup Inc. raised Sibanye Gold from a “sell” rating to a “neutral” rating in a report on Wednesday, October 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.00.
Shares of Sibanye Gold (NYSE:SBGL) opened at 8.82 on Friday. The stock has a 50 day moving average price of $11.00 and a 200 day moving average price of $14.16. The firm has a market capitalization of $2.04 billion, a PE ratio of 33.41 and a beta of 0.15. Sibanye Gold has a 12-month low of $5.13 and a 12-month high of $20.97.
Several institutional investors have recently bought and sold shares of the stock. World Asset Management Inc raised its position in Sibanye Gold by 8.2% in the second quarter. World Asset Management Inc now owns 14,268 shares of the company’s stock valued at $194,000 after buying an additional 1,079 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Sibanye Gold by 90.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 767,557 shares of the company’s stock valued at $10,454,000 after buying an additional 365,560 shares during the period. Tocqueville Asset Management L.P. bought a new position in Sibanye Gold during the second quarter valued at approximately $1,625,000. Capital Fund Management S.A. bought a new position in Sibanye Gold during the second quarter valued at approximately $1,362,000. Finally, American Century Companies Inc. raised its position in Sibanye Gold by 160.0% in the second quarter. American Century Companies Inc. now owns 561,100 shares of the company’s stock valued at $7,642,000 after buying an additional 345,300 shares during the period. 16.54% of the stock is owned by institutional investors.
Sibanye Gold Company Profile
Sibanye Gold Limited (Sibanye) is a South Africa-based mining company. The Company owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. Its segments include Driefontein, Kloof, Beatrix, Cooke and Corporate. The Company owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof operations in the West Witwatersrand region, and the Beatrix operation in the southern Free State province.