Sibanye Gold Ltd. (SBGL) Rating Lowered 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 report issued on Friday.
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. “
SBGL has been the topic of a number of other reports. Citigroup Inc. upgraded Sibanye Gold from a “sell” rating to a “neutral” rating in a research report on Wednesday, October 12th. BMO Capital Markets started coverage on Sibanye Gold in a research report on Wednesday, November 9th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.
Sibanye Gold (NYSE:SBGL) opened at 9.00 on Friday. Sibanye Gold has a one year low of $5.30 and a one year high of $20.97. The stock’s 50 day moving average price is $10.81 and its 200-day moving average price is $14.09. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 34.62 and a beta of 0.15.
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A number of hedge funds have recently made changes to their positions in the stock. Invictus RG bought a new stake in shares of Sibanye Gold during the second quarter valued at approximately $102,000. Creative Planning raised 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 in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Sibanye Gold by 281.7% in the third quarter. Tower Research Capital LLC TRC now owns 8,451 shares of the company’s stock valued at $120,000 after buying an additional 6,237 shares in the last quarter. Timber Hill LLC bought a new stake in shares of Sibanye Gold during the second quarter valued at approximately $137,000. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Sibanye Gold during the second quarter valued at approximately $162,000. 15.27% 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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