Sibanye Gold Upgraded by Zacks to “Outperform” (SBGL)
Sibanye Gold (NASDAQ:SBGL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday. The firm currently has a $11.40 price objective on the stock. Zacks‘s price objective points to a potential upside of 7.04% from the company’s current price.
A number of other firms have also recently commented on SBGL. Analysts at Macquarie upgraded shares of Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th. Analysts at JPMorgan Chase & Co. downgraded shares of Sibanye Gold from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Sibanye Gold has a consensus rating of “Buy” and a consensus price target of $12.70.
Shares of Sibanye Gold (NASDAQ:SBGL) traded up 0.75% during mid-day trading on Friday, hitting $10.73. The stock had a trading volume of 547,050 shares. Sibanye Gold has a 1-year low of $3.03 and a 1-year high of $11.20. The stock has a 50-day moving average of $10.18 and a 200-day moving average of $8.69. The company has a market cap of $1.989 billion and a price-to-earnings ratio of 7.83.
Sibanye Gold Limited (NASDAQ:SBGL), formerly GFI Mining South Africa (Pty) Limited, is a producer of gold in South Africa.
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