Sibanye Gold Ltd (NYSE:SBGL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.96 and last traded at $4.96, with a volume of 159239 shares changing hands. The stock had previously closed at $4.82.
A number of brokerages have issued reports on SBGL. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th.
The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.68 and a current ratio of 1.04. The firm’s 50 day simple moving average is $4.37. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -15.53 and a beta of -0.04.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Capital Wealth Advisors bought a new position in Sibanye Gold in the 1st quarter worth $700,000. D. E. Shaw & Co. Inc. raised its holdings in Sibanye Gold by 9,449.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,337,459 shares of the basic materials company’s stock worth $9,445,000 after acquiring an additional 3,302,508 shares during the period. Deutsche Bank AG raised its holdings in Sibanye Gold by 163.8% in the 4th quarter. Deutsche Bank AG now owns 3,020,574 shares of the basic materials company’s stock worth $8,548,000 after acquiring an additional 1,875,763 shares during the period. Millennium Management LLC raised its holdings in Sibanye Gold by 111.8% in the 4th quarter. Millennium Management LLC now owns 4,982,009 shares of the basic materials company’s stock worth $14,099,000 after acquiring an additional 2,629,855 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in Sibanye Gold by 80.4% in the 4th quarter. Squarepoint Ops LLC now owns 582,397 shares of the basic materials company’s stock worth $1,648,000 after acquiring an additional 259,549 shares during the period. 22.43% of the stock is owned by institutional investors and hedge funds.
Sibanye Gold Company Profile (NYSE:SBGL)
Sibanye Gold Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium projects; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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