Sibanye Gold (SBGL) Lowered to “Sell” at ValuEngine

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ValuEngine cut shares of Sibanye Gold (NYSE:SBGL) from a hold rating to a sell rating in a research report report published on Thursday.

SBGL has been the topic of several other reports. Zacks Investment Research raised 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 downgraded Sibanye Gold from a neutral rating to a sell rating in a research report on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. Sibanye Gold currently has a consensus rating of Hold and a consensus target price of $2.75.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Exor Investments UK LLP grew its position in shares of Sibanye Gold by 8.1% during the 3rd quarter. Exor Investments UK LLP now owns 45,970,311 shares of the basic materials company’s stock valued at $114,466,000 after acquiring an additional 3,439,121 shares during the period. Morgan Stanley grew its position in shares of Sibanye Gold by 115.2% during the 3rd quarter. Morgan Stanley now owns 4,705,353 shares of the basic materials company’s stock valued at $11,716,000 after acquiring an additional 2,519,284 shares during the period. JPMorgan Chase & Co. grew its position in shares of Sibanye Gold by 1,195.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,717,405 shares of the basic materials company’s stock valued at $4,276,000 after acquiring an additional 1,584,798 shares during the period. Jane Street Group LLC grew its position in shares of Sibanye Gold by 148.9% during the 2nd quarter. Jane Street Group LLC now owns 2,056,714 shares of the basic materials company’s stock valued at $4,977,000 after acquiring an additional 1,230,392 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of Sibanye Gold by 168.0% during the 2nd quarter. Schroder Investment Management Group now owns 1,406,413 shares of the basic materials company’s stock valued at $3,389,000 after acquiring an additional 881,703 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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