Citigroup lowered shares of Sibanye Gold (NYSE:SBGL) from a neutral rating to a sell rating in a report published on Tuesday morning, The Fly reports.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Sibanye Gold from a sell rating to a hold rating in a research report on Wednesday, August 22nd. Macquarie cut Sibanye Gold from a neutral rating to an underperform rating in a research report on Tuesday, August 28th. Finally, ValuEngine cut Sibanye Gold from a sell rating to a strong sell rating in a research report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and an average price target of $2.75.
Shares of SBGL stock traded down $0.15 during mid-day trading on Tuesday, reaching $2.38. The stock had a trading volume of 2,777,614 shares, compared to its average volume of 4,231,186. Sibanye Gold has a 12-month low of $2.02 and a 12-month high of $5.66. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85.
Several hedge funds have recently made changes to their positions in SBGL. Exor Investments UK LLP increased its position in shares of Sibanye Gold by 33.3% in the second quarter. Exor Investments UK LLP now owns 42,531,190 shares of the basic materials company’s stock valued at $102,925,000 after buying an additional 10,629,286 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Sibanye Gold by 287.9% during the second quarter. Alps Advisors Inc. now owns 3,094,552 shares of the basic materials company’s stock valued at $7,489,000 after acquiring an additional 2,296,863 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sibanye Gold by 1,195.1% during the third 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 last quarter. Jane Street Group LLC boosted its stake in shares of Sibanye Gold by 148.9% during the second 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 last quarter. Finally, Investec Asset Management LTD acquired a new stake in shares of Sibanye Gold during the second quarter valued at $2,834,000. Institutional investors and hedge funds own 57.06% of the company’s stock.
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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