Sibanye Gold Ltd (NYSE:SBGL) shares traded down 0.4% during mid-day trading on Wednesday . The stock traded as low as $2.52 and last traded at $2.52. 144,710 shares traded hands during trading, a decline of 97% from the average session volume of 4,195,453 shares. The stock had previously closed at $2.53.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Sibanye Gold from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Citigroup cut shares of Sibanye Gold from a “neutral” rating to a “sell” rating in a report on Tuesday. Macquarie lowered shares of Sibanye Gold from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 28th. Finally, ValuEngine lowered shares of Sibanye Gold from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.75.
The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85. The stock has a market capitalization of $628.25 million, a price-to-earnings ratio of -62.00 and a beta of -0.26.
A number of institutional investors and hedge funds have recently modified their holdings of SBGL. BlackRock Inc. grew its position in Sibanye Gold by 7.9% during the first quarter. BlackRock Inc. now owns 3,340,849 shares of the basic materials company’s stock worth $13,330,000 after buying an additional 245,426 shares during the period. Millennium Management LLC acquired a new position in Sibanye Gold during the first quarter worth about $2,384,000. Bank of Montreal Can grew its position in shares of Sibanye Gold by 13.2% in the second quarter. Bank of Montreal Can now owns 311,873 shares of the basic materials company’s stock valued at $755,000 after purchasing an additional 36,380 shares during the last quarter. Exor Investments UK LLP grew its position in shares of Sibanye Gold by 33.3% in the second quarter. Exor Investments UK LLP now owns 42,531,190 shares of the basic materials company’s stock valued at $102,925,000 after purchasing an additional 10,629,286 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in shares of Sibanye Gold by 287.9% in the second quarter. Alps Advisors Inc. now owns 3,094,552 shares of the basic materials company’s stock valued at $7,489,000 after purchasing an additional 2,296,863 shares during the last quarter. Institutional investors own 57.06% of the company’s stock.
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Sibanye Gold Company Profile (NYSE:SBGL)
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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