Sibanye Gold Limited (NYSE:SBGL) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Separately, ValuEngine cut shares of Sibanye Gold Limited from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.00.

Shares of Sibanye Gold Limited (NYSE:SBGL) traded down 0.64% during trading on Thursday, reaching $4.67. 2,199,050 shares of the company were exchanged. Sibanye Gold Limited has a 52-week low of $4.61 and a 52-week high of $20.97. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 3.78 and a beta of -0.15. The stock’s 50-day moving average is $5.72 and its 200-day moving average is $7.65.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Keybank National Association OH acquired a new position in shares of Sibanye Gold Limited during the first quarter worth about $112,000. Comerica Bank boosted its position in shares of Sibanye Gold Limited by 14.0% in the fourth quarter. Comerica Bank now owns 13,069 shares of the basic materials company’s stock worth $105,000 after buying an additional 1,603 shares in the last quarter. World Asset Management Inc boosted its position in shares of Sibanye Gold Limited by 0.8% in the first quarter. World Asset Management Inc now owns 14,292 shares of the basic materials company’s stock worth $126,000 after buying an additional 109 shares in the last quarter. ING Groep NV purchased a new position in Sibanye Gold Limited during the first quarter valued at $150,000. Finally, FNY Partners Fund LP purchased a new position in Sibanye Gold Limited during the first quarter valued at $158,000. Hedge funds and other institutional investors own 13.99% of the company’s stock.

About Sibanye Gold Limited

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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