Todays Report: The Citigroup Inc. Upgrades Sibanye Gold Ltd. (SBGL) to Neutral

The Citigroup Inc. Upgrades Sibanye Gold Ltd. (SBGL) to Neutral

Sibanye Gold Ltd. (NYSE:SBGL) was upgraded by Citigroup Inc. from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Several other brokerages also recently weighed in on SBGL. Zacks Investment Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Tuesday, July 19th. Macquarie upgraded shares of Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $21.00.

Sibanye Gold (NYSE:SBGL) opened at 11.47 on Wednesday. The company has a market cap of $2.65 billion, a P/E ratio of 42.80 and a beta of -0.03. The company has a 50-day moving average of $14.20 and a 200 day moving average of $14.99. Sibanye Gold has a one year low of $4.59 and a one year high of $20.97.

The company also recently announced a dividend, which was paid on Thursday, October 6th. Shareholders of record on Friday, September 23rd were paid a $0.177 dividend. The ex-dividend date of this dividend was Wednesday, September 21st.

Large investors have recently bought and sold shares of the company. World Asset Management Inc increased its stake 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 last quarter. SG Americas Securities LLC increased its stake in Sibanye Gold by 6.8% in the second quarter. SG Americas Securities LLC now owns 33,287 shares of the company’s stock valued at $453,000 after buying an additional 2,115 shares during the last quarter. UBS Group AG increased its stake in Sibanye Gold by 10.2% in the first quarter. UBS Group AG now owns 39,164 shares of the company’s stock valued at $595,000 after buying an additional 3,620 shares during the last quarter. BlackRock Inc. increased its stake in Sibanye Gold by 0.8% in the first quarter. BlackRock Inc. now owns 645,677 shares of the company’s stock valued at $9,795,000 after buying an additional 4,972 shares during the last quarter. Finally, Creative Planning increased its stake in Sibanye Gold by 1,849.7% in the second quarter. Creative Planning now owns 7,760 shares of the company’s stock valued at $106,000 after buying an additional 7,362 shares during the last quarter. Institutional investors and hedge funds own 18.02% of the company’s stock.

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.

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