Sibanye Gold Ltd. (SBGL) Stock Rating Upgraded by Zacks Investment Research
Sibanye Gold Ltd. (NYSE:SBGL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
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. “
Several other equities analysts have also recently weighed in on the company. Citigroup Inc. raised Sibanye Gold from a “sell” rating to a “neutral” rating in a report on Wednesday, October 12th. BMO Capital Markets began coverage on Sibanye Gold in a report on Wednesday, November 9th. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating, Sibanye Gold has a consensus rating of “Hold” and an average target price of $14.00.
Sibanye Gold (NYSE:SBGL) opened at 8.31 on Thursday. The firm’s 50-day moving average price is $10.73 and its 200-day moving average price is $14.05. Sibanye Gold has a one year low of $5.30 and a one year high of $20.97. The company has a market cap of $1.92 billion, a PE ratio of 31.96 and a beta of 0.15.
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Several institutional investors have recently bought and sold shares of SBGL. World Asset Management Inc boosted its position in Sibanye Gold by 8.2% in the second quarter. World Asset Management Inc now owns 14,268 shares of the company’s stock worth $194,000 after buying an additional 1,079 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Sibanye Gold by 1.8% in the third quarter. UBS Asset Management Americas Inc. now owns 79,517 shares of the company’s stock worth $1,124,000 after buying an additional 1,414 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Sibanye Gold by 6.8% in the second quarter. SG Americas Securities LLC now owns 33,287 shares of the company’s stock worth $453,000 after buying an additional 2,115 shares during the last quarter. Aperio Group LLC boosted its position in shares of Sibanye Gold by 1.8% in the third quarter. Aperio Group LLC now owns 144,069 shares of the company’s stock worth $2,036,000 after buying an additional 2,610 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Sibanye Gold by 10.2% in the first quarter. UBS Group AG now owns 39,164 shares of the company’s stock worth $595,000 after buying an additional 3,620 shares during the last quarter. 15.27% of the stock is owned by institutional investors.
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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