Sibanye Gold Limited (NYSE:SBGL) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.00.
A number of analysts have recently weighed in on SBGL shares. BidaskClub upgraded shares of Sibanye Gold Limited from a “hold” rating to a “buy” rating in a report on Friday, August 11th. ValuEngine lowered shares of Sibanye Gold Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
Institutional investors have recently made changes to their positions in the stock. Ronald Blue & Co. LLC bought a new position in shares of Sibanye Gold Limited during the second quarter valued at approximately $106,000. Comerica Bank raised its position in shares of Sibanye Gold Limited by 3.0% in the first quarter. Comerica Bank now owns 13,467 shares of the basic materials company’s stock valued at $108,000 after buying an additional 398 shares during the last quarter. ING Groep NV raised its position in shares of Sibanye Gold Limited by 40.3% in the second quarter. ING Groep NV now owns 23,857 shares of the basic materials company’s stock valued at $110,000 after buying an additional 6,857 shares during the last quarter. Keybank National Association OH bought a new position in shares of Sibanye Gold Limited during the first quarter valued at approximately $112,000. Finally, World Asset Management Inc raised its position in shares of Sibanye Gold Limited by 0.8% in the first quarter. World Asset Management Inc now owns 14,292 shares of the basic materials company’s stock valued at $126,000 after buying an additional 109 shares during the last quarter. 14.24% of the stock is owned by hedge funds and other institutional investors.
Sibanye Gold Limited (SBGL) traded up 0.17% during mid-day trading on Wednesday, hitting $5.99. 974,819 shares of the company’s stock were exchanged. Sibanye Gold Limited has a 12 month low of $4.43 and a 12 month high of $20.09. The stock has a market cap of $1.39 billion, a PE ratio of 5.03 and a beta of -0.13. The stock’s 50 day moving average price is $5.15 and its 200-day moving average price is $6.97.
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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