Sibanye Gold Ltd. (NYSE:SBGL) has received an average recommendation of “Hold” from the five research firms that are covering the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.00.
SBGL has been the subject of several research analyst reports. Zacks Investment Research cut Sibanye Gold from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup Inc. raised Sibanye Gold from a “sell” rating to a “neutral” rating in a research note on Wednesday. Finally, Macquarie raised Sibanye Gold from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st.
Shares of Sibanye Gold (NYSE:SBGL) opened at 11.46 on Wednesday. The stock has a market capitalization of $2.65 billion, a PE ratio of 42.76 and a beta of -0.03. Sibanye Gold has a 52 week low of $4.59 and a 52 week high of $20.97. The company has a 50-day moving average price of $14.03 and a 200 day moving average price of $14.97.
The business also recently disclosed a dividend, which was paid on Thursday, October 6th. Stockholders of record on Friday, September 23rd were paid a $0.177 dividend. The ex-dividend date was Wednesday, September 21st.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Sibanye Gold by 0.8% in the first quarter. BlackRock Inc. now owns 645,677 shares of the company’s stock valued at $9,795,000 after buying an additional 4,972 shares during the last quarter. UBS Group AG raised its stake in Sibanye Gold by 10.2% in the first quarter. UBS Group AG now owns 39,164 shares of the company’s stock valued at $595,000 after buying an additional 3,620 shares during the last quarter. HBK Investments L P raised its stake in Sibanye Gold by 80.6% in the first quarter. HBK Investments L P now owns 36,298 shares of the company’s stock valued at $551,000 after buying an additional 16,198 shares during the last quarter. Renaissance Technologies LLC raised its stake in Sibanye Gold by 19.8% in the first quarter. Renaissance Technologies LLC now owns 1,671,600 shares of the company’s stock valued at $25,358,000 after buying an additional 275,800 shares during the last quarter. Finally, Orbis Allan Gray Ltd bought a new stake in Sibanye Gold during the first quarter valued at about $683,226,000. 18.02% of the stock is owned by institutional investors and hedge funds.
About Sibanye Gold
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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