Sibanye Gold Ltd. (SBGL) Downgraded by Zacks Investment Research to “Sell”
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 raised shares of Sibanye Gold from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st.
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Sibanye Gold (NYSE:SBGL) traded down 4.47% during mid-day trading on Tuesday, reaching $10.91. 309,960 shares of the company traded hands. The company has a market capitalization of $2.52 billion, a P/E ratio of 40.71 and a beta of -0.02. The stock has a 50 day moving average price of $14.83 and a 200-day moving average price of $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 was Wednesday, September 21st.
A number of institutional investors have recently added to or reduced their stakes in SBGL. Orbis Allan Gray Ltd purchased a new position in Sibanye Gold during the first quarter worth approximately $683,226,000. Renaissance Technologies LLC increased its position in Sibanye Gold by 19.8% in the first quarter. Renaissance Technologies LLC now owns 1,671,600 shares of the company’s stock worth $25,358,000 after buying an additional 275,800 shares in the last quarter. Bank of Montreal Can purchased a new position in Sibanye Gold during the second quarter worth approximately $943,000. UBS Group AG increased its position in Sibanye Gold by 10.2% in the first quarter. UBS Group AG now owns 39,164 shares of the company’s stock worth $595,000 after buying an additional 3,620 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Sibanye Gold during the second quarter worth approximately $173,000. Hedge funds and other 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.
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