BidaskClub Upgrades Sibanye Gold Limited (NYSE:SBGL) to “Buy”

Sibanye Gold Limited (NYSE:SBGL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, November 7th.

SBGL has been the topic of several other reports. Morgan Stanley raised Sibanye Gold Limited from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 9th. Deutsche Bank AG upgraded Sibanye Gold Limited from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded Sibanye Gold Limited from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research note on Friday, October 13th. Finally, ValuEngine upgraded Sibanye Gold Limited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.25.

Shares of Sibanye Gold Limited (NYSE:SBGL) traded up $0.09 during mid-day trading on Tuesday, reaching $5.33. The company’s stock had a trading volume of 2,295,000 shares, compared to its average volume of 3,484,361. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.93. Sibanye Gold Limited has a 12 month low of $4.36 and a 12 month high of $10.81.

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A number of large investors have recently made changes to their positions in SBGL. ING Groep NV lifted its position in shares of Sibanye Gold Limited by 40.3% in the 2nd quarter. ING Groep NV now owns 23,857 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 6,857 shares during the period. Creative Planning lifted its position in shares of Sibanye Gold Limited by 26.6% in the 2nd quarter. Creative Planning now owns 35,815 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 7,529 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Sibanye Gold Limited by 63.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 32,950 shares of the basic materials company’s stock worth $147,000 after acquiring an additional 12,785 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Sibanye Gold Limited by 13.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 126,503 shares of the basic materials company’s stock worth $564,000 after acquiring an additional 14,768 shares during the period. Finally, World Asset Management Inc lifted its position in shares of Sibanye Gold Limited by 117.3% in the 2nd quarter. World Asset Management Inc now owns 31,058 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 16,766 shares during the period. Hedge funds and other institutional investors own 36.05% of the company’s stock.

Sibanye Gold Limited Company Profile

Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products.

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