Brokerages Set Sibanye Gold Ltd. (SBGL) PT at $22.00
Sibanye Gold Ltd. (NYSE:SBGL) has been given an average rating of “Hold” by the five research firms that are covering the firm. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $22.00.
SBGL has been the topic of several recent analyst reports. Zacks Investment Research cut Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 16th. Macquarie upgraded Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st. Finally, Citigroup Inc. upgraded Sibanye Gold from a “sell” rating to a “neutral” rating in a research note on Wednesday.
Shares of Sibanye Gold (NYSE:SBGL) opened at 11.46 on Wednesday. The company’s 50-day moving average is $14.03 and its 200 day moving average is $14.97. Sibanye Gold has a 52-week low of $4.59 and a 52-week high of $20.97. The company has a market cap of $2.65 billion, a PE ratio of 42.76 and a beta of -0.03.
The firm also recently announced a dividend, which was paid on Thursday, October 6th. Stockholders of record on Friday, September 23rd were paid a dividend of $0.177 per share. The ex-dividend date was Wednesday, September 21st.
Several large investors have recently added to or reduced their stakes in the company. Invictus RG acquired a new stake in Sibanye Gold during the second quarter worth approximately $102,000. Creative Planning boosted 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 worth $106,000 after buying an additional 7,362 shares during the last quarter. Timber Hill LLC acquired a new stake in Sibanye Gold during the second quarter worth approximately $137,000. Parametric Portfolio Associates LLC acquired a new stake in Sibanye Gold during the second quarter worth approximately $162,000. Finally, Panagora Asset Management Inc. acquired a new stake in Sibanye Gold during the second quarter worth approximately $167,000. 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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