Sibanye Gold Limited (NYSE:SBGL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $5.25 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.99% from the stock’s previous close.
According to Zacks, “Sibanye Gold Limited is a gold mining company. It operates two gold mines: the Kloof Driefontein Complex (KDC) and the Beatrix gold mines. Sibanye Gold Limited is based in Houghton, South Africa. “
Other analysts have also recently issued research reports about the company. ValuEngine upgraded Sibanye Gold Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub cut Sibanye Gold Limited from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 9th. Finally, Morgan Stanley upgraded Sibanye Gold Limited from an “equal weight” rating to an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.25.
Sibanye Gold Limited (NYSE:SBGL) opened at 4.73 on Friday. The company’s 50-day moving average price is $5.22 and its 200 day moving average price is $6.07. Sibanye Gold Limited has a 12 month low of $4.27 and a 12 month high of $12.38. The firm’s market capitalization is $2.56 billion.
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A number of hedge funds have recently bought and sold shares of the stock. U S Global Investors Inc. lifted its stake in Sibanye Gold Limited by 2,115.1% in the 2nd quarter. U S Global Investors Inc. now owns 132,905 shares of the basic materials company’s stock valued at $625,000 after buying an additional 126,905 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Sibanye Gold Limited in the 2nd quarter valued at approximately $517,000. Royal Bank of Canada lifted its stake in Sibanye Gold Limited by 251.3% in the 2nd quarter. Royal Bank of Canada now owns 69,718 shares of the basic materials company’s stock valued at $323,000 after buying an additional 49,871 shares in the last quarter. Balyasny Asset Management LLC lifted its stake in Sibanye Gold Limited by 306.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 51,067 shares of the basic materials company’s stock valued at $236,000 after buying an additional 38,496 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sibanye Gold Limited by 95.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,002,276 shares of the basic materials company’s stock valued at $27,795,000 after buying an additional 2,923,704 shares in the last quarter. 35.75% of the stock is currently owned by hedge funds and other institutional investors.
Sibanye Gold Limited 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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