Citigroup Inc. upgraded shares of Sibanye Gold Ltd. (NYSE:SBGL) from a sell rating to a neutral rating in a research report released on Wednesday, The Fly reports.
Several other analysts also recently weighed in on SBGL. Macquarie raised shares of Sibanye Gold from an underperform rating to a neutral rating in a report on Friday, July 1st. Zacks Investment Research raised shares of Sibanye Gold from a strong sell rating to a strong-buy rating and set a $19.00 target price on the stock in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $21.00.
Shares of Sibanye Gold (NYSE:SBGL) opened at 11.38 on Wednesday. Sibanye Gold has a 52 week low of $4.59 and a 52 week high of $20.97. The company’s 50-day moving average is $13.87 and its 200 day moving average is $14.93. The stock has a market cap of $2.63 billion, a PE ratio of 42.46 and a beta of -0.02.
The business also recently disclosed a dividend, which was paid on Thursday, October 6th. Investors of record on Friday, September 23rd were paid a $0.177 dividend. The ex-dividend date of this dividend was Wednesday, September 21st.
Several hedge funds have recently made changes to their positions in the stock. Invictus RG bought a new stake in shares of Sibanye Gold during the second quarter valued at approximately $102,000. Creative Planning boosted its stake in shares of Sibanye Gold by 1,849.7% in the second quarter. Creative Planning now owns 7,760 shares of the company’s stock valued at $106,000 after buying an additional 7,362 shares during the period. Timber Hill LLC bought a new stake in shares of Sibanye Gold during the second quarter valued at approximately $137,000. Parametric Portfolio Associates LLC bought a new stake in shares of Sibanye Gold during the second quarter valued at approximately $162,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Sibanye Gold during the second quarter valued at approximately $167,000. Hedge funds and other institutional investors 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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