Zacks Investment Research lowered shares of Sibanye Gold Ltd. (NYSE:SBGL) from a hold rating to a sell rating in a research report report published on Tuesday morning.
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. “
Separately, Macquarie raised Sibanye Gold from an underperform rating to a neutral rating in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $21.00.
Sibanye Gold (NYSE:SBGL) opened at 11.47 on Tuesday. The firm has a 50-day moving average price of $14.20 and a 200-day moving average price of $14.99. The firm has a market cap of $2.65 billion, a PE ratio of 42.80 and a beta of -0.03. Sibanye Gold has a one year low of $4.59 and a one year high of $20.97.
The business also recently declared a dividend, which was paid on Thursday, October 6th. Stockholders of record on Friday, September 23rd were issued a $0.177 dividend. The ex-dividend date of this dividend was Wednesday, September 21st.
Several institutional investors have recently bought and sold shares of the company. Dorsey Wright & Associates raised its position in Sibanye Gold by 44.0% in the third quarter. Dorsey Wright & Associates now owns 30,529 shares of the company’s stock worth $431,000 after buying an additional 9,333 shares during the last quarter. Numeric Investors LLC raised its position in Sibanye Gold by 156.3% in the second quarter. Numeric Investors LLC now owns 1,179,344 shares of the company’s stock worth $16,063,000 after buying an additional 719,200 shares during the last quarter. Jane Street Group LLC raised its position in Sibanye Gold by 90.9% in the second quarter. Jane Street Group LLC now owns 761,321 shares of the company’s stock worth $10,369,000 after buying an additional 362,451 shares during the last quarter. Paloma Partners Management Co raised its position in Sibanye Gold by 303.5% in the second quarter. Paloma Partners Management Co now owns 66,526 shares of the company’s stock worth $906,000 after buying an additional 50,039 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in Sibanye Gold during the second quarter worth approximately $167,000. 18.02% of the stock is owned by hedge funds and other 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.