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

SBGL has been the subject of a number of other research reports. Zacks Investment Research raised shares of Sibanye Gold from a hold rating to a buy rating and set a $5.25 target price for the company in a research report on Friday, October 13th. BidaskClub raised shares of Sibanye Gold from a hold rating to a buy rating in a research report on Friday, August 11th. Deutsche Bank raised shares of Sibanye Gold from a sell rating to a hold rating in a research report on Friday, October 13th. Finally, Morgan Stanley raised shares of Sibanye Gold from an equal weight rating to an overweight rating in a research report on Monday, October 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Sibanye Gold has an average rating of Buy and a consensus target price of $5.25.

Sibanye Gold (NYSE SBGL) traded down $0.06 during trading on Friday, reaching $5.51. 1,960,000 shares of the company’s stock were exchanged, compared to its average volume of 2,340,000. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.03 and a quick ratio of 0.83. Sibanye Gold has a 52-week low of $4.10 and a 52-week high of $7.19.

Institutional investors and hedge funds have recently made changes to their positions in the company. ING Groep NV raised its position in shares of Sibanye Gold by 40.3% during the second quarter. ING Groep NV now owns 23,857 shares of the basic materials company’s stock valued at $110,000 after buying an additional 6,857 shares during the last quarter. World Asset Management Inc raised its position in shares of Sibanye Gold by 117.3% during the second quarter. World Asset Management Inc now owns 31,058 shares of the basic materials company’s stock valued at $144,000 after buying an additional 16,766 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Sibanye Gold by 63.4% during the third quarter. BNP Paribas Arbitrage SA now owns 32,950 shares of the basic materials company’s stock valued at $147,000 after buying an additional 12,785 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Sibanye Gold during the third quarter valued at about $148,000. Finally, First Trust Advisors LP acquired a new position in shares of Sibanye Gold during the second quarter valued at about $154,000. 36.60% of the stock is owned by institutional investors and hedge funds.

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Sibanye Gold Company Profile

Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products.

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