Sibanye Gold Ltd. (SBGL) Rating Increased to Neutral at Citigroup Inc.
Sibanye Gold Ltd. (NYSE:SBGL) was upgraded by research analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.
Several other analysts have also recently commented on SBGL. Macquarie upgraded shares of Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st. Zacks Investment Research upgraded shares of Sibanye Gold from a “strong sell” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Sibanye Gold presently has a consensus rating of “Hold” and an average target price of $21.00.
Sibanye Gold (NYSE:SBGL) traded up 2.60% during trading on Wednesday, reaching $11.03. 1,128,030 shares of the company’s stock traded hands. The firm has a market capitalization of $2.55 billion, a PE ratio of 41.16 and a beta of -0.03. Sibanye Gold has a 1-year low of $4.59 and a 1-year high of $20.97. The firm has a 50 day moving average of $14.59 and a 200 day moving average of $15.04.
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The business also recently disclosed a dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 23rd were paid a $0.177 dividend. The ex-dividend date was Wednesday, September 21st.
Several hedge funds have recently made changes to their positions in SBGL. BlackRock Inc. boosted its stake in shares of Sibanye Gold by 0.8% in the first quarter. BlackRock Inc. now owns 645,677 shares of the company’s stock valued at $9,795,000 after buying an additional 4,972 shares during the period. UBS Group AG boosted its stake in shares of Sibanye Gold by 10.2% in the first quarter. UBS Group AG now owns 39,164 shares of the company’s stock valued at $595,000 after buying an additional 3,620 shares during the period. HBK Investments L P boosted its stake in shares of Sibanye Gold by 80.6% in the first quarter. HBK Investments L P now owns 36,298 shares of the company’s stock valued at $551,000 after buying an additional 16,198 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Sibanye Gold by 19.8% in the first quarter. Renaissance Technologies LLC now owns 1,671,600 shares of the company’s stock valued at $25,358,000 after buying an additional 275,800 shares during the period. Finally, Orbis Allan Gray Ltd bought a new stake in shares of Sibanye Gold during the first quarter valued at approximately $683,226,000. Hedge funds and other institutional investors own 18.02% of the company’s stock.
Sibanye Gold Company Profile
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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