Sibanye Gold Ltd. (SBGL) Upgraded to Neutral by Citigroup Inc.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Sibanye Gold from a strong-buy rating to a hold rating in a research report on Thursday, September 8th. Macquarie upgraded Sibanye Gold from an underperform rating to a neutral rating in a research report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Sibanye Gold presently has a consensus rating of Hold and a consensus price target of $21.00.
Sibanye Gold (NYSE:SBGL) traded up 3.54% during mid-day trading on Wednesday, hitting $11.42. The stock had a trading volume of 476,376 shares. Sibanye Gold has a one year low of $4.59 and a one year high of $20.97. The company has a market cap of $2.64 billion, a PE ratio of 42.61 and a beta of -0.03. The firm’s 50-day moving average price is $14.37 and its 200 day moving average price is $15.01.
The firm also recently declared a dividend, which was paid on Thursday, October 6th. Stockholders of record on Friday, September 23rd were paid a $0.177 dividend. The ex-dividend date of this dividend was Wednesday, September 21st.
Several institutional investors have recently made changes to their positions in SBGL. Bank of Montreal Can purchased a new position in Sibanye Gold during the second quarter valued at about $943,000. CIBC World Markets Inc. raised its position in Sibanye Gold by 68.4% in the second quarter. CIBC World Markets Inc. now owns 28,984 shares of the company’s stock valued at $395,000 after buying an additional 11,776 shares during the last quarter. Dorsey Wright & Associates purchased a new position in Sibanye Gold during the second quarter valued at about $289,000. Acadian Asset Management LLC raised its position in Sibanye Gold by 1.1% in the second quarter. Acadian Asset Management LLC now owns 2,171,871 shares of the company’s stock valued at $29,581,000 after buying an additional 23,457 shares during the last quarter. Finally, Creative Planning raised its position 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. 18.02% of the stock is currently owned by institutional investors and hedge funds.
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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