Sibanye Gold (SBGL) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Sibanye Gold (NYSE:SBGL) from a strong sell rating to a sell rating in a report published on Friday morning.

SBGL has been the topic of a number of other reports. Macquarie cut shares of Sibanye Gold from a neutral rating to an underperform rating in a research report on Tuesday, August 28th. Zacks Investment Research cut shares of Sibanye Gold from a buy rating to a sell rating in a research report on Wednesday, September 12th. Finally, Citigroup cut shares of Sibanye Gold from a buy rating to a neutral rating in a research report on Wednesday, June 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Sibanye Gold currently has a consensus rating of Hold and a consensus price target of $2.75.

Shares of NYSE SBGL traded up $0.06 during midday trading on Friday, reaching $3.22. 4,066,021 shares of the stock were exchanged, compared to its average volume of 3,797,075. The stock has a market cap of $613.47 million, a price-to-earnings ratio of -80.50 and a beta of -0.01. Sibanye Gold has a 12 month low of $2.02 and a 12 month high of $5.66. The company has a quick ratio of 1.30, a current ratio of 1.85 and a debt-to-equity ratio of 1.11.

Several large investors have recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in shares of Sibanye Gold by 106.3% during the third quarter. Bank of Montreal Can now owns 643,355 shares of the basic materials company’s stock worth $1,602,000 after acquiring an additional 331,482 shares during the period. Exor Investments UK LLP raised its holdings in shares of Sibanye Gold by 8.1% during the third quarter. Exor Investments UK LLP now owns 45,970,311 shares of the basic materials company’s stock worth $114,466,000 after acquiring an additional 3,439,121 shares during the period. Northern Trust Corp raised its holdings in shares of Sibanye Gold by 30.7% during the second quarter. Northern Trust Corp now owns 284,848 shares of the basic materials company’s stock worth $689,000 after acquiring an additional 66,868 shares during the period. Schroder Investment Management Group raised its holdings in shares of Sibanye Gold by 168.0% during the second quarter. Schroder Investment Management Group now owns 1,406,413 shares of the basic materials company’s stock worth $3,389,000 after acquiring an additional 881,703 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Sibanye Gold by 148.9% during the second quarter. Jane Street Group LLC now owns 2,056,714 shares of the basic materials company’s stock worth $4,977,000 after acquiring an additional 1,230,392 shares during the period. Institutional investors and hedge funds own 56.24% of the company’s stock.

Sibanye Gold Company Profile

Sibanye Gold Limited operates as a precious metals mining company in South Africa, Zimbabwe, and the United States. The company operates through PGM; and Gold and Uranium divisions. It owns and operates gold, and platinum group metals (PGM), including platinum, palladium, and rhodium operations and projects, as well as produces by-products, such as iridium, ruthenium, nickel, copper, and chrome.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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