ValuEngine lowered shares of Sibanye Gold (NYSE:SBGL) from a hold rating to a sell rating in a report issued on Thursday morning.

Several other analysts have also commented on SBGL. Zacks Investment Research raised shares of Sibanye Gold from a sell rating to a hold rating and set a $2.75 price target on the stock in a research report on Friday, November 2nd. Citigroup lowered Sibanye Gold from a neutral rating to a sell rating in a research report on Tuesday, November 6th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Sibanye Gold has a consensus rating of Hold and an average price target of $2.75.

Shares of SBGL stock traded up $0.02 during trading on Thursday, hitting $3.03. 177,946 shares of the stock traded hands, compared to its average volume of 5,523,748. The firm has a market cap of $748.97 million, a PE ratio of -74.63 and a beta of -0.44. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85. Sibanye Gold has a 52-week low of $2.02 and a 52-week high of $5.50.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in Sibanye Gold by 2,705.1% in the second quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 46,527 shares during the period. Ruffer LLP purchased a new stake in Sibanye Gold in the third quarter valued at approximately $125,000. Symons Capital Management Inc. raised its position in Sibanye Gold by 77.7% in the third quarter. Symons Capital Management Inc. now owns 163,053 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 71,271 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Sibanye Gold by 239.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 172,054 shares of the basic materials company’s stock valued at $417,000 after purchasing an additional 121,415 shares during the period. Finally, Virtu Financial LLC raised its position in Sibanye Gold by 1,453.4% in the third quarter. Virtu Financial LLC now owns 174,442 shares of the basic materials company’s stock valued at $434,000 after purchasing an additional 163,212 shares during the period. 56.07% of the stock is currently owned by institutional investors.

Sibanye Gold Company Profile

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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