Sibanye Gold Limited (SBGL) Upgraded at BidaskClub
BidaskClub upgraded shares of Sibanye Gold Limited (NYSE:SBGL) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning.
Separately, ValuEngine downgraded shares of 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, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and an average price target of $10.00.
Sibanye Gold Limited (NYSE SBGL) traded up 1.98% during midday trading on Thursday, hitting $6.17. The stock had a trading volume of 1,852,887 shares. The company has a 50-day moving average of $5.29 and a 200-day moving average of $6.92. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 5.18 and a beta of -0.13. Sibanye Gold Limited has a 1-year low of $4.43 and a 1-year high of $16.95.
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Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in Sibanye Gold Limited by 217.0% in the second quarter. Van ECK Associates Corp now owns 51,562,596 shares of the basic materials company’s stock valued at $238,735,000 after buying an additional 35,298,306 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Sibanye Gold Limited by 95.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,002,276 shares of the basic materials company’s stock valued at $27,795,000 after buying an additional 2,923,704 shares in the last quarter. Wells Fargo & Company MN increased its stake in Sibanye Gold Limited by 145.3% in the second quarter. Wells Fargo & Company MN now owns 1,210,607 shares of the basic materials company’s stock valued at $5,605,000 after buying an additional 717,013 shares in the last quarter. Thomas White International Ltd. acquired a new stake in Sibanye Gold Limited during the first quarter valued at $5,425,000. Finally, Tocqueville Asset Management L.P. increased its stake 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. 14.24% of the stock is owned by institutional investors and hedge funds.
About Sibanye Gold Limited
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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