Sibanye Gold (SBGL) Shares Gap Down to $2.45

Sibanye Gold Ltd (NYSE:SBGL) shares gapped down prior to trading on Tuesday . The stock had previously closed at $2.52, but opened at $2.45. Sibanye Gold shares last traded at $2.38, with a volume of 3561732 shares trading hands.

SBGL has been the subject of several analyst reports. ValuEngine downgraded shares of Sibanye Gold from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Zacks Investment Research downgraded shares of Sibanye Gold from a “hold” rating to a “sell” rating in a research note on Thursday, June 14th. Finally, Citigroup downgraded shares of Sibanye Gold from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Sibanye Gold has a consensus rating of “Hold” and an average target price of $5.25.

The company has a market cap of $628.25 million, a price-to-earnings ratio of -55.18 and a beta of -0.12. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.00 and a current ratio of 1.42.

Several hedge funds and other institutional investors have recently bought and sold shares of SBGL. Commerzbank Aktiengesellschaft FI increased its stake in shares of Sibanye Gold by 87.8% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 190,034 shares of the basic materials company’s stock valued at $758,000 after acquiring an additional 88,846 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Sibanye Gold by 235.7% during the 1st quarter. Alps Advisors Inc. now owns 797,689 shares of the basic materials company’s stock valued at $3,183,000 after acquiring an additional 560,048 shares during the last quarter. Comerica Bank increased its stake in shares of Sibanye Gold by 119.5% during the 1st quarter. Comerica Bank now owns 29,211 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 15,905 shares during the last quarter. TSP Capital Management Group LLC increased its stake in shares of Sibanye Gold by 189.2% during the 1st quarter. TSP Capital Management Group LLC now owns 1,055,652 shares of the basic materials company’s stock valued at $4,050,000 after acquiring an additional 690,602 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Sibanye Gold by 7.9% during the 1st quarter. BlackRock Inc. now owns 3,340,849 shares of the basic materials company’s stock valued at $13,330,000 after acquiring an additional 245,426 shares during the last quarter. 55.67% of the stock is owned by institutional investors.

Sibanye Gold Company Profile (NYSE:SBGL)

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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