Sibanye Gold Ltd (SBGL) Receives Average Rating of “Hold” from Brokerages

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Shares of Sibanye Gold Ltd (NYSE:SBGL) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.

A number of analysts have issued reports on SBGL shares. Zacks Investment Research raised Sibanye Gold from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Macquarie lowered Sibanye Gold from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 28th. ValuEngine lowered Sibanye Gold from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Finally, Citigroup lowered Sibanye Gold from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 27th.

Several institutional investors have recently bought and sold shares of SBGL. BlackRock Inc. increased its position in shares of Sibanye Gold by 7.9% during the first quarter. BlackRock Inc. now owns 3,340,849 shares of the basic materials company’s stock worth $13,330,000 after acquiring an additional 245,426 shares during the period. Schroder Investment Management Group increased its position in shares of Sibanye Gold by 104.2% during the first quarter. Schroder Investment Management Group now owns 524,710 shares of the basic materials company’s stock worth $2,094,000 after acquiring an additional 267,710 shares during the period. OppenheimerFunds Inc. purchased a new stake in shares of Sibanye Gold during the first quarter worth $5,945,000. Barclays PLC increased its position in shares of Sibanye Gold by 604.9% during the first quarter. Barclays PLC now owns 56,389 shares of the basic materials company’s stock worth $226,000 after acquiring an additional 48,389 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Sibanye Gold by 362.2% during the first quarter. Jane Street Group LLC now owns 826,322 shares of the basic materials company’s stock worth $3,297,000 after acquiring an additional 647,541 shares during the period. 56.24% of the stock is currently owned by institutional investors and hedge funds.

NYSE SBGL traded up $0.06 on Friday, reaching $3.22. The stock had a trading volume of 4,066,021 shares, compared to its average volume of 3,797,075. The firm has a market cap of $613.47 million, a price-to-earnings ratio of -80.50 and a beta of -0.01. The company has a quick ratio of 1.30, a current ratio of 1.85 and a debt-to-equity ratio of 1.11. Sibanye Gold has a 12-month low of $2.02 and a 12-month high of $5.66.

Sibanye Gold Company Profile

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.

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