Sibanye Gold Ltd. (SBGL) Cut to “Sell” at Zacks Investment Research
Sibanye Gold Ltd. (NYSE:SBGL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
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. “
Separately, Macquarie upgraded Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/sibanye-gold-ltd-sbgl-cut-to-sell-at-zacks-investment-research.html
Shares of Sibanye Gold (NYSE:SBGL) traded down 4.64% during midday trading on Tuesday, hitting $10.89. The stock had a trading volume of 309,388 shares. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 40.63 and a beta of -0.02. The firm’s 50 day moving average price is $14.83 and its 200 day moving average price is $15.07. Sibanye Gold has a 52-week low of $4.59 and a 52-week high of $20.97.
The company also recently disclosed a dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 23rd were issued a $0.177 dividend. The ex-dividend date of this dividend was Wednesday, September 21st.
A number of large investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in shares of Sibanye Gold during the second quarter valued at $943,000. CIBC World Markets Inc. boosted its position in shares of Sibanye Gold by 68.4% in the second quarter. CIBC World Markets Inc. now owns 28,984 shares of the company’s stock valued at $395,000 after buying an additional 11,776 shares in the last quarter. Dorsey Wright & Associates bought a new position in shares of Sibanye Gold during the second quarter valued at $289,000. Acadian Asset Management LLC boosted its position in shares of Sibanye Gold by 1.1% in the second quarter. Acadian Asset Management LLC now owns 2,171,871 shares of the company’s stock valued at $29,581,000 after buying an additional 23,457 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Sibanye Gold by 1,849.7% in the second quarter. Creative Planning now owns 7,760 shares of the company’s stock valued at $106,000 after buying an additional 7,362 shares in the last quarter. Institutional investors own 18.02% of the company’s stock.
About Sibanye Gold
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sibanye Gold Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Gold Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.