ValuEngine upgraded shares of Sibanye Gold (NYSE:SBGL) from a sell rating to a hold rating in a research note released on Monday, February 4th.
A number of other research firms have also recently commented on SBGL. Zacks Investment Research upgraded shares of Sibanye Gold from a sell rating to a hold rating and set a $2.75 price target for the company in a report on Friday, November 2nd. Citigroup cut shares of Sibanye Gold from a neutral rating to a sell rating in a report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $2.75.
Shares of SBGL traded down $0.13 during trading hours on Monday, hitting $4.24. 3,201,948 shares of the stock were exchanged, compared to its average volume of 4,547,310. Sibanye Gold has a fifty-two week low of $2.02 and a fifty-two week high of $4.50. The company has a quick ratio of 1.30, a current ratio of 1.85 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.04 billion, a PE ratio of -106.00 and a beta of -0.06.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SBGL. SG Americas Securities LLC bought a new position in shares of Sibanye Gold during the fourth quarter valued at about $41,000. Raymond James & Associates bought a new position in shares of Sibanye Gold during the fourth quarter valued at about $54,000. Stevens Capital Management LP bought a new position in shares of Sibanye Gold during the fourth quarter valued at about $59,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Sibanye Gold by 46.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,000 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Sibanye Gold by 153.5% during the fourth quarter. Creative Planning now owns 31,308 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 18,960 shares in the last quarter. 51.08% of the stock is currently owned by institutional investors.
About Sibanye Gold
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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