Sibanye Gold Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:SBGL)
Sibanye Gold (NASDAQ:SBGL) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the stock, AmericanBankingNews.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.95.
SBGL has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Sibanye Gold from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $11.90 price target on the stock. Finally, analysts at Macquarie upgraded shares of Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th.
Sibanye Gold (NASDAQ:SBGL) opened at 9.23 on Thursday. Sibanye Gold has a 52-week low of $3.72 and a 52-week high of $11.29. The stock has a 50-day moving average of $10.11 and a 200-day moving average of $9.51. The company has a market cap of $2.073 billion and a P/E ratio of 7.64.
The company also recently announced a special dividend, which is scheduled for Thursday, September 4th. Shareholders of record on Friday, August 22nd will be paid 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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