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. “
Separately, Macquarie upgraded Sibanye Gold from an underperform rating to a neutral rating in a research report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $21.00.
Shares of Sibanye Gold (NYSE:SBGL) opened at 11.46 on Tuesday. The company has a market cap of $2.65 billion, a P/E ratio of 42.76 and a beta of -0.02. The company has a 50-day moving average price of $14.03 and a 200-day moving average price of $14.97. Sibanye Gold has a 52-week low of $4.59 and a 52-week high of $20.97.
The business also recently declared a dividend, which was paid on Thursday, October 6th. Shareholders of record on Friday, September 23rd were given a $0.177 dividend. The ex-dividend date was Wednesday, September 21st.
A number of hedge funds have recently modified their holdings of SBGL. Orbis Allan Gray Ltd bought a new stake in shares of Sibanye Gold during the first quarter worth approximately $683,226,000. Renaissance Technologies LLC boosted 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 in the last quarter. Bank of Montreal Can acquired a new stake in Sibanye Gold during the second quarter valued at about $943,000. UBS Group AG boosted 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Sibanye Gold during the second quarter valued at about $173,000. Institutional investors and hedge funds own 18.04% of the company’s stock.
Sibanye Gold Company Profile
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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