Zacks Investment Research Upgrades Sibanye Gold (SBGL) to “Hold”

Sibanye Gold (NYSE:SBGL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Sibanye Gold Limited is a gold mining company. It operates two gold mines: the Kloof Driefontein Complex (KDC) and the Beatrix gold mines. Sibanye Gold Limited is based in Houghton, South Africa. “

A number of other brokerages have also recently commented on SBGL. Citigroup cut shares of Sibanye Gold from a “buy” rating to a “neutral” rating in a report on Wednesday, June 27th. ValuEngine cut shares of Sibanye Gold from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 15th. Finally, Macquarie cut shares of Sibanye Gold from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Sibanye Gold currently has a consensus rating of “Hold” and an average target price of $2.75.

Shares of Sibanye Gold stock opened at $2.70 on Friday. The company has a market cap of $613.47 million, a P/E ratio of -67.50 and a beta of -0.01. Sibanye Gold has a twelve month low of $2.02 and a twelve month high of $5.66. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85.

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC purchased a new stake in Sibanye Gold during the first quarter valued at approximately $2,384,000. Investec Asset Management LTD purchased a new stake in shares of Sibanye Gold in the second quarter worth $2,834,000. Jane Street Group LLC increased its stake in shares of Sibanye Gold by 148.9% in the second quarter. Jane Street Group LLC now owns 2,056,714 shares of the basic materials company’s stock worth $4,977,000 after purchasing an additional 1,230,392 shares in the last quarter. BlackRock Inc. increased its stake in shares of Sibanye Gold by 7.9% in the first quarter. BlackRock Inc. now owns 3,340,849 shares of the basic materials company’s stock worth $13,330,000 after purchasing an additional 245,426 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Sibanye Gold by 115.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 408,794 shares of the basic materials company’s stock worth $989,000 after purchasing an additional 218,760 shares in the last quarter. 56.24% of the stock is owned by institutional investors and hedge funds.

Sibanye Gold Company Profile

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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Analyst Recommendations for Sibanye Gold (NYSE:SBGL)

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