Sibanye Gold (SBGL) Stock Price Up 13.7%

Shares of Sibanye Gold Ltd (NYSE:SBGL) rose 13.7% during mid-day trading on Thursday . The company traded as high as $3.20 and last traded at $3.16. Approximately 9,324,180 shares traded hands during trading, an increase of 146% from the average daily volume of 3,795,698 shares. The stock had previously closed at $2.78.

SBGL has been the topic of a number of analyst reports. ValuEngine upgraded Sibanye Gold from a “strong sell” rating to a “sell” rating in a research note on Friday. Zacks Investment Research lowered Sibanye Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Citigroup lowered Sibanye Gold from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 27th. Finally, Macquarie lowered Sibanye Gold from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

The company has a debt-to-equity ratio of 1.11, a current ratio of 1.85 and a quick ratio of 1.30. The stock has a market capitalization of $613.47 million, a P/E ratio of -80.50 and a beta of -0.01.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Sibanye Gold by 2,705.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 46,527 shares in the last quarter. CIBC World Markets Inc. purchased a new position in shares of Sibanye Gold in the 1st quarter worth about $196,000. Barclays PLC boosted its holdings in shares of Sibanye Gold by 604.9% in the 1st quarter. Barclays PLC now owns 56,389 shares of the basic materials company’s stock worth $226,000 after purchasing an additional 48,389 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sibanye Gold by 39.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,268 shares of the basic materials company’s stock worth $344,000 after purchasing an additional 39,991 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Sibanye Gold by 239.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 172,054 shares of the basic materials company’s stock worth $417,000 after purchasing an additional 121,415 shares in the last quarter. Institutional investors and hedge funds own 56.24% of the company’s stock.

Sibanye Gold Company Profile (NYSE:SBGL)

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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