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.
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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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