Sibanye Gold Ltd. (SBGL) Stock Rating Upgraded by Citigroup Inc.
Sibanye Gold Ltd. (NYSE:SBGL) was upgraded by equities research analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research report issued on Wednesday, The Fly reports.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Sibanye Gold from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 16th. Macquarie raised shares of Sibanye Gold from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st. One 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 company presently has a consensus rating of “Hold” and a consensus target price of $21.00.
Shares of Sibanye Gold (NYSE:SBGL) traded up 2.279% on Wednesday, reaching $10.995. 418,187 shares of the company were exchanged. Sibanye Gold has a 12 month low of $4.59 and a 12 month high of $20.97. The company’s 50-day moving average price is $14.59 and its 200 day moving average price is $15.04. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 41.026 and a beta of -0.03.
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The firm also recently declared 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.
A number of hedge funds have recently bought and sold shares of the stock. Orbis Allan Gray Ltd acquired a new stake in Sibanye Gold during the first quarter valued at about $683,226,000. Renaissance Technologies LLC increased its stake in 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 last quarter. Bank of Montreal Can acquired a new stake in Sibanye Gold during the second quarter valued at about $943,000. UBS Group AG increased its stake in 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 last quarter. Finally, Quantbot Technologies LP acquired a new stake in Sibanye Gold during the second quarter valued at about $173,000. 18.02% of the stock is owned by institutional investors and hedge funds.
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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