Sibanye Gold Limited (NYSE:SBGL) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday, July 6th.

Separately, ValuEngine lowered Sibanye Gold Limited from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.00.

Sibanye Gold Limited (SBGL) traded up 4.34% during midday trading on Thursday, reaching $5.53. 3,813,195 shares of the company were exchanged. The stock has a market capitalization of $1.28 billion, a P/E ratio of 4.50 and a beta of -0.13. The firm’s 50 day moving average price is $4.86 and its 200-day moving average price is $7.26. Sibanye Gold Limited has a 52 week low of $4.43 and a 52 week high of $20.97.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Tocqueville Asset Management L.P. raised its position in Sibanye Gold Limited by 74.4% in the second quarter. Tocqueville Asset Management L.P. now owns 984,446 shares of the basic materials company’s stock valued at $4,558,000 after buying an additional 420,026 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Sibanye Gold Limited by 48.4% in the second quarter. SG Americas Securities LLC now owns 99,708 shares of the basic materials company’s stock valued at $462,000 after buying an additional 32,513 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Sibanye Gold Limited by 277.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 75,428 shares of the basic materials company’s stock valued at $355,000 after buying an additional 55,428 shares during the period. First Trust Advisors LP bought a new stake in shares of Sibanye Gold Limited during the second quarter valued at about $154,000. Finally, Hussman Strategic Advisors Inc. raised its stake in shares of Sibanye Gold Limited by 128.6% in the second quarter. Hussman Strategic Advisors Inc. now owns 171,475 shares of the basic materials company’s stock valued at $794,000 after buying an additional 96,475 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sibanye Gold Limited 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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