Sibanye Gold Ltd. (SBGL) Upgraded to Neutral by Citigroup Inc.
Citigroup Inc. upgraded shares of Sibanye Gold Ltd. (NYSE:SBGL) from a sell rating to a neutral rating in a research note issued to investors on Wednesday, The Fly reports.
Several other equities analysts also recently weighed in on the company. Macquarie raised Sibanye Gold from an underperform rating to a neutral rating in a research report on Friday, July 1st. Zacks Investment Research raised Sibanye Gold from a strong sell rating to a strong-buy rating and set a $19.00 price target for the company in a research report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Sibanye Gold currently has an average rating of Hold and an average price target of $21.00.
Sibanye Gold (NYSE:SBGL) traded up 3.54% during trading on Wednesday, reaching $11.42. The company had a trading volume of 476,376 shares. Sibanye Gold has a 12 month low of $4.59 and a 12 month high of $20.97. The firm’s 50 day moving average is $14.37 and its 200-day moving average is $15.01. The company has a market capitalization of $2.64 billion, a P/E ratio of 42.61 and a beta of -0.03.
The firm also recently disclosed a dividend, which was paid on Thursday, October 6th. Stockholders of record on Friday, September 23rd were given a $0.177 dividend. The ex-dividend date of this dividend was Wednesday, September 21st.
Several large investors have recently made changes to their positions in the stock. Dorsey Wright & Associates increased its stake in shares of Sibanye Gold by 44.0% in the third quarter. Dorsey Wright & Associates now owns 30,529 shares of the company’s stock worth $431,000 after buying an additional 9,333 shares in the last quarter. Numeric Investors LLC increased its stake in shares of Sibanye Gold by 156.3% in the second quarter. Numeric Investors LLC now owns 1,179,344 shares of the company’s stock worth $16,063,000 after buying an additional 719,200 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Sibanye Gold by 90.9% in the second quarter. Jane Street Group LLC now owns 761,321 shares of the company’s stock worth $10,369,000 after buying an additional 362,451 shares in the last quarter. Paloma Partners Management Co increased its stake in shares of Sibanye Gold by 303.5% in the second quarter. Paloma Partners Management Co now owns 66,526 shares of the company’s stock worth $906,000 after buying an additional 50,039 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Sibanye Gold during the second quarter worth approximately $167,000. 18.02% of the stock is owned by institutional investors and hedge funds.
Sibanye Gold Company Profile
Sibanye Gold Limited (Sibanye) is a South Africa-based mining company. The Company owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. Its segments include Driefontein, Kloof, Beatrix, Cooke and Corporate. The Company owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof operations in the West Witwatersrand region, and the Beatrix operation in the southern Free State province.
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