Sibanye Gold Limited (NYSE:SBGL) Raised to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Sibanye Gold Limited (NYSE:SBGL) from an equal weight rating to an overweight rating in a report published on Monday, October 9th, The Fly reports.

SBGL has been the subject of a number of other reports. ValuEngine upgraded shares of Sibanye Gold Limited from a hold rating to a buy rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of Sibanye Gold Limited from a hold rating to a buy rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sibanye Gold Limited has a consensus rating of Buy and a consensus target price of $5.25.

Shares of Sibanye Gold Limited (NYSE:SBGL) opened at 4.80 on Monday. The stock’s 50 day moving average is $5.16 and its 200-day moving average is $6.00. The firm’s market cap is $2.60 billion. Sibanye Gold Limited has a one year low of $4.27 and a one year high of $12.38.

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Several large investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 109 shares during the period. BNP Paribas Arbitrage SA increased its position in Sibanye Gold Limited by 0.5% during the first quarter. BNP Paribas Arbitrage SA now owns 23,319 shares of the basic materials company’s stock worth $205,000 after acquiring an additional 120 shares during the period. Comerica Bank increased its position in Sibanye Gold Limited by 3.0% during the first quarter. Comerica Bank now owns 13,467 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 398 shares during the period. Schroder Investment Management Group increased its position in Sibanye Gold Limited by 0.7% during the first quarter. Schroder Investment Management Group now owns 110,835 shares of the basic materials company’s stock worth $974,000 after acquiring an additional 800 shares during the period. Finally, ING Groep NV increased its position in Sibanye Gold Limited by 40.3% during the second 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. 35.05% of the stock is currently owned by institutional investors.

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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