Zacks Downgrades Sibanye Gold to Neutral (SBGL)
Sibanye Gold (NASDAQ:SBGL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $11.90 price objective on the stock. Zacks‘s target price would indicate a potential upside of 23.57% from the stock’s previous close.
Separately, analysts at Macquarie upgraded shares of Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $12.95.
Sibanye Gold (NASDAQ:SBGL) remained flat at $9.63 during during mid-day trading trading on Monday. 175,697 shares of the company’s stock traded hands. Sibanye Gold has a 1-year low of $3.72 and a 1-year high of $11.29. The stock’s 50-day moving average is $10.23 and its 200-day moving average is $9.40. The company has a market cap of $2.163 billion and a price-to-earnings ratio of 7.79.
The company also recently declared a special dividend, which is scheduled for Thursday, September 4th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.1874 per share. The ex-dividend date of this dividend is Wednesday, August 20th.
Sibanye Gold Limited (NASDAQ:SBGL), formerly GFI Mining South Africa (Pty) Limited, is a producer of gold in South Africa.
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