ValuEngine cut shares of Sibanye Gold (NYSE:SBGL) from a hold rating to a sell rating in a research report report published on Thursday.

A number of other research firms have also commented on SBGL. Zacks Investment Research raised shares of Sibanye Gold from a sell rating to a hold rating and set a $2.75 target price for the company in a report on Friday, November 2nd. Citigroup lowered shares of Sibanye Gold from a neutral rating to a sell rating in a report on Tuesday, November 6th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $2.75.

NYSE:SBGL opened at $3.04 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.85 and a quick ratio of 1.30. Sibanye Gold has a 1 year low of $2.02 and a 1 year high of $5.50. The company has a market capitalization of $748.97 million, a PE ratio of -76.00 and a beta of -0.44.

Several large investors have recently made changes to their positions in SBGL. Jane Street Group LLC lifted its stake in Sibanye Gold by 148.9% in the 2nd quarter. Jane Street Group LLC now owns 2,056,714 shares of the basic materials company’s stock valued at $4,977,000 after purchasing an additional 1,230,392 shares during the last quarter. Exor Investments UK LLP increased its position in shares of Sibanye Gold by 8.1% during the third quarter. Exor Investments UK LLP now owns 45,970,311 shares of the basic materials company’s stock worth $114,466,000 after buying an additional 3,439,121 shares during the period. Wells Fargo & Company MN increased its position in shares of Sibanye Gold by 7.4% during the third quarter. Wells Fargo & Company MN now owns 1,347,688 shares of the basic materials company’s stock worth $3,355,000 after buying an additional 92,712 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Sibanye Gold by 30.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,468 shares of the basic materials company’s stock worth $462,000 after purchasing an additional 43,200 shares during the period. Finally, Bank of Montreal Can grew its holdings in Sibanye Gold by 106.3% in the third quarter. Bank of Montreal Can now owns 643,355 shares of the basic materials company’s stock worth $1,602,000 after purchasing an additional 331,482 shares during the period. Hedge funds and other institutional investors own 56.07% of the company’s stock.

About Sibanye Gold

Sibanye Gold Limited operates as a precious metals mining company in South Africa, Zimbabwe, and the United States. The company operates through PGM; and Gold and Uranium divisions. It owns and operates gold, and platinum group metals (PGM), including platinum, palladium, and rhodium operations and projects, as well as produces by-products, such as iridium, ruthenium, nickel, copper, and chrome.

See Also: What are retained earnings?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Sibanye Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Gold and related companies with MarketBeat.com's FREE daily email newsletter.