Sibanye Gold Ltd (SBGL) Receives Consensus Recommendation of “Buy” from Analysts

Sibanye Gold Ltd (NYSE:SBGL) has been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company.

A number of equities analysts recently weighed in on SBGL shares. ValuEngine upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research report on Friday, October 13th. BidaskClub raised Sibanye Gold from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Deutsche Bank raised Sibanye Gold from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, Morgan Stanley raised Sibanye Gold from an “equal weight” rating to an “overweight” rating in a report on Monday, October 9th.

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its holdings in Sibanye Gold by 63.4% in the third quarter. BNP Paribas Arbitrage SA now owns 32,950 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 12,785 shares during the period. Engineers Gate Manager LP acquired a new stake in Sibanye Gold in the third quarter valued at $148,000. First Trust Advisors LP acquired a new stake in Sibanye Gold in the second quarter valued at $154,000. Trexquant Investment LP acquired a new stake in Sibanye Gold in the third quarter valued at $197,000. Finally, Balyasny Asset Management LLC lifted its holdings in Sibanye Gold by 306.2% in the second quarter. Balyasny Asset Management LLC now owns 51,067 shares of the basic materials company’s stock valued at $236,000 after acquiring an additional 38,496 shares during the period. 36.41% of the stock is owned by institutional investors.

Sibanye Gold (NYSE SBGL) remained flat at $$5.06 during trading hours on Friday. 1,605,686 shares of the company’s stock were exchanged, compared to its average volume of 2,140,329. Sibanye Gold has a 1 year low of $4.27 and a 1 year high of $7.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.03 and a quick ratio of 0.83.

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Sibanye Gold 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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