Sibanye Gold Ltd. (SBGL) Receives Consensus Rating of “Hold” from Analysts
Shares of Sibanye Gold Ltd. (NYSE:SBGL) have earned a consensus rating of “Hold” from the five research firms that are covering the firm. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.00.
SBGL has been the topic of a number of research analyst reports. Citigroup Inc. raised Sibanye Gold from a “sell” rating to a “neutral” rating in a research report on Wednesday. Zacks Investment Research lowered Sibanye Gold from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Macquarie raised Sibanye Gold from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised 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 worth $9,795,000 after buying an additional 4,972 shares in the last quarter. UBS Group AG raised 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 worth $595,000 after buying an additional 3,620 shares in the last quarter. HBK Investments L P raised 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 worth $551,000 after buying an additional 16,198 shares in the last quarter. Renaissance Technologies LLC raised 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 worth $25,358,000 after buying an additional 275,800 shares in the last quarter. Finally, Orbis Allan Gray Ltd purchased a new stake in shares of Sibanye Gold during the first quarter worth about $683,226,000. 18.02% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Sibanye Gold (NYSE:SBGL) traded up 2.88% during midday trading on Wednesday, reaching $11.06. The company’s stock had a trading volume of 687,485 shares. The company has a 50-day moving average price of $14.59 and a 200-day moving average price of $15.04. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 41.27 and a beta of -0.03. Sibanye Gold has a 12 month low of $4.59 and a 12 month high of $20.97.
The company also recently announced a dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 23rd were given a $0.177 dividend. The ex-dividend date was Wednesday, September 21st.
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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