Sibanye Gold Ltd. (SBGL) Receives Consensus Rating of “Hold” from Brokerages
Shares of Sibanye Gold Ltd. (NYSE:SBGL) have been given an average rating of “Hold” by the six research firms that are currently covering the firm. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.00.
A number of equities research analysts have commented on SBGL shares. Zacks Investment Research upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Thursday, October 20th. BMO Capital Markets started coverage on shares of Sibanye Gold in a report on Wednesday, November 9th. They issued a “hold” rating for the company. Finally, Citigroup Inc. upgraded shares of Sibanye Gold from a “sell” rating to a “neutral” rating in a report on Wednesday, October 12th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 worth $29,581,000 after buying an additional 23,457 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in Sibanye Gold during the second quarter worth $23,154,000. Renaissance Technologies LLC raised its position in Sibanye Gold by 19.8% in the first quarter. Renaissance Technologies LLC now owns 1,671,600 shares of the company’s stock worth $25,358,000 after buying an additional 275,800 shares during the period. FMR LLC raised its position in Sibanye Gold by 11.7% in the second quarter. FMR LLC now owns 1,362,106 shares of the company’s stock worth $18,552,000 after buying an additional 142,500 shares during the period. Finally, 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 period. 17.63% of the stock is currently owned by hedge funds and other institutional investors.
Sibanye Gold (NYSE:SBGL) traded down 4.90% on Wednesday, hitting $9.51. 1,011,887 shares of the stock traded hands. Sibanye Gold has a 52 week low of $4.59 and a 52 week high of $20.97. The stock has a 50 day moving average of $11.98 and a 200 day moving average of $14.45. The firm has a market capitalization of $2.20 billion, a PE ratio of 33.49 and a beta of 0.15.
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.
Receive News & Stock Ratings for Sibanye Gold Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Gold Ltd. and related stocks with our FREE daily email newsletter.