Sibanye Gold Limited (NYSE:SBGL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $5.25 target price on the basic materials company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.99% from the company’s current price.

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. “

Several other analysts have also recently issued reports on the stock. Morgan Stanley raised shares of Sibanye Gold Limited from an “equal weight” rating to an “overweight” rating in a research note on Monday. ValuEngine raised shares of Sibanye Gold Limited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub cut shares of Sibanye Gold Limited from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Sibanye Gold Limited currently has a consensus rating of “Hold” and a consensus target price of $5.25.

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Several large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of Sibanye Gold Limited by 0.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 23,319 shares of the basic materials company’s stock valued at $205,000 after acquiring an additional 120 shares in the last quarter. Comerica Bank lifted its holdings in shares of Sibanye Gold Limited by 3.0% during the 1st quarter. Comerica Bank now owns 13,467 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 398 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Sibanye Gold Limited by 0.7% during the 1st quarter. Schroder Investment Management Group now owns 110,835 shares of the basic materials company’s stock valued at $974,000 after acquiring an additional 800 shares in the last quarter. ING Groep NV lifted its holdings in shares of Sibanye Gold Limited by 40.3% during the 2nd quarter. ING Groep NV now owns 23,857 shares of the basic materials company’s stock valued at $110,000 after acquiring an additional 6,857 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Sibanye Gold Limited by 26.6% during the 2nd quarter. Creative Planning now owns 35,815 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 7,529 shares in the last quarter. Institutional investors and hedge funds own 35.75% of the company’s stock.

Sibanye Gold Limited Company Profile

Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products.

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