BidaskClub Downgrades Sibanye Gold Limited (SBGL) to Sell

Sibanye Gold Limited (NYSE:SBGL) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Separately, ValuEngine lowered shares of Sibanye Gold Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.00.

Shares of Sibanye Gold Limited (NYSE SBGL) opened at 4.53 on Thursday. Sibanye Gold Limited has a one year low of $4.43 and a one year high of $20.97. The firm has a market cap of $1.05 billion, a P/E ratio of 3.68 and a beta of -0.15. The firm has a 50 day moving average price of $5.72 and a 200-day moving average price of $7.65.

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Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in Sibanye Gold Limited by 22.0% in the first quarter. Bank of Montreal Can now owns 66,767 shares of the basic materials company’s stock worth $589,000 after buying an additional 12,055 shares during the last quarter. Renaissance Technologies LLC increased its position in Sibanye Gold Limited by 300.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,075,900 shares of the basic materials company’s stock worth $7,596,000 after buying an additional 807,500 shares during the last quarter. AQR Capital Management LLC increased its position in Sibanye Gold Limited by 593.8% in the fourth quarter. AQR Capital Management LLC now owns 597,934 shares of the basic materials company’s stock worth $4,221,000 after buying an additional 511,749 shares during the last quarter. Allianz Asset Management AG increased its position in Sibanye Gold Limited by 46.0% in the fourth quarter. Allianz Asset Management AG now owns 323,899 shares of the basic materials company’s stock worth $2,287,000 after buying an additional 102,089 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Sibanye Gold Limited during the first quarter worth about $176,000. 13.99% of the stock is owned by institutional investors.

About Sibanye Gold Limited

Sibanye Gold Limited (Sibanye) is a South Africa-based mining company. The Company owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. Its segments include Driefontein, Kloof, Beatrix, Cooke and Corporate. The Company owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof operations in the West Witwatersrand region, and the Beatrix operation in the southern Free State province.

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