Sibanye Gold Ltd. (SBGL) Cut to “Sell” at Zacks Investment Research
Sibanye Gold Ltd. (NYSE:SBGL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
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 upgraded Sibanye Gold from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st.
Sibanye Gold (NYSE:SBGL) traded down 4.64% during midday trading on Tuesday, hitting $10.89. The company had a trading volume of 309,388 shares. Sibanye Gold has a 52 week low of $4.59 and a 52 week high of $20.97. The company has a market capitalization of $2.52 billion, a P/E ratio of 40.63 and a beta of -0.02. The stock has a 50 day moving average price of $14.83 and a 200 day moving average price of $15.07.
The firm 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 was Wednesday, September 21st.
Several large investors have recently modified their holdings of the company. Invictus RG acquired a new stake in shares of Sibanye Gold during the second quarter valued at $102,000. Creative Planning increased its stake in shares of 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. Timber Hill LLC acquired a new stake in shares of Sibanye Gold during the second quarter valued at $137,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Sibanye Gold during the second quarter valued at $162,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Sibanye Gold during the second quarter valued at $167,000. Hedge funds and other institutional investors own 18.02% of the company’s stock.
About Sibanye Gold
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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