Sibanye Gold (SBGL) Stock Price Down 0.3%

Sibanye Gold Ltd (NYSE:SBGL)’s share price was down 0.3% on Wednesday . The stock traded as low as $2.82 and last traded at $2.85. Approximately 105,695 shares changed hands during trading, a decline of 97% from the average daily volume of 3,730,450 shares. The stock had previously closed at $2.86.

Several equities analysts have weighed in on SBGL shares. Goldman Sachs upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating in a research report on Monday, March 26th. ValuEngine cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Citigroup upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of Sibanye Gold from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $5.25.

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.00 and a current ratio of 1.42.

Several large investors have recently modified their holdings of SBGL. Comerica Bank boosted its stake in shares of Sibanye Gold by 119.5% during the 1st quarter. Comerica Bank now owns 29,211 shares of the basic materials company’s stock valued at $107,000 after buying an additional 15,905 shares during the period. Two Sigma Securities LLC boosted its stake in shares of Sibanye Gold by 37.6% during the 4th quarter. Two Sigma Securities LLC now owns 39,279 shares of the basic materials company’s stock valued at $198,000 after buying an additional 10,728 shares during the period. Barclays PLC boosted its stake in shares of Sibanye Gold by 604.9% during the 1st quarter. Barclays PLC now owns 56,389 shares of the basic materials company’s stock valued at $226,000 after buying an additional 48,389 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Sibanye Gold by 328.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 48,948 shares of the basic materials company’s stock valued at $247,000 after buying an additional 37,532 shares during the period. Finally, Symons Capital Management Inc. acquired a new stake in shares of Sibanye Gold during the 4th quarter valued at $387,000. 50.28% of the stock is owned by institutional investors.

About Sibanye Gold

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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