Sibanye Gold (NYSE:SBGL) Hits New 1-Year High at $6.62

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Shares of Sibanye Gold Ltd (NYSE:SBGL) hit a new 52-week high during trading on Wednesday . The company traded as high as $6.62 and last traded at $6.56, with a volume of 157201 shares changing hands. The stock had previously closed at $6.21.

A number of analysts have recently commented on SBGL shares. ValuEngine cut shares of Sibanye Gold from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut shares of Sibanye Gold from a “buy” rating to a “hold” rating in a report on Thursday.

The stock has a market cap of $3.88 billion, a P/E ratio of -21.56, a PEG ratio of 0.75 and a beta of -0.18. The company has a current ratio of 1.26, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average price is $5.57 and its 200 day moving average price is $4.68.

Hedge funds have recently made changes to their positions in the company. Exor Investments UK LLP boosted its stake in Sibanye Gold by 0.5% during the second quarter. Exor Investments UK LLP now owns 45,792,943 shares of the basic materials company’s stock worth $217,516,000 after acquiring an additional 241,000 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Sibanye Gold in the second quarter valued at $93,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Sibanye Gold by 21.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 191,525 shares of the basic materials company’s stock valued at $910,000 after buying an additional 33,578 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its stake in shares of Sibanye Gold by 2.4% in the second quarter. Vanguard Capital Wealth Advisors now owns 173,400 shares of the basic materials company’s stock valued at $823,000 after buying an additional 4,100 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Sibanye Gold by 28.6% in the second quarter. Wells Fargo & Company MN now owns 633,632 shares of the basic materials company’s stock valued at $3,009,000 after buying an additional 140,979 shares in the last quarter. Hedge funds and other institutional investors own 24.99% of the company’s stock.

Sibanye Gold Company Profile (NYSE:SBGL)

Sibanye Gold Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium projects; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.

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