Sibanye Gold Ltd (NYSE:SBGL)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $6.62 and last traded at $6.56, with a volume of 157201 shares traded. The stock had previously closed at $6.21.
SBGL has been the topic of several research analyst reports. Zacks Investment Research raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, August 28th. ValuEngine lowered Sibanye Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.
The company has a 50 day moving average price of $5.51 and a 200 day moving average price of $4.66. The firm has a market cap of $3.66 billion, a PE ratio of -20.50, a price-to-earnings-growth ratio of 0.75 and a beta of -0.18. The company has a current ratio of 1.26, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73.
A number of hedge funds have recently bought and sold shares of SBGL. Walleye Trading Advisors LLC purchased a new stake in Sibanye Gold in the 2nd quarter valued at approximately $76,000. CoreCommodity Management LLC lifted its stake in Sibanye Gold by 53.9% in the 2nd quarter. CoreCommodity Management LLC now owns 17,217 shares of the basic materials company’s stock valued at $82,000 after buying an additional 6,027 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Sibanye Gold in the 2nd quarter valued at $89,000. Campbell & CO Investment Adviser LLC acquired a new position in Sibanye Gold in the 2nd quarter valued at $93,000. Finally, Parametric Portfolio Associates LLC raised its holdings in Sibanye Gold by 22.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 69,065 shares of the basic materials company’s stock valued at $328,000 after acquiring an additional 12,795 shares during the last quarter. 24.99% of the stock is currently owned by hedge funds and other institutional investors.
About Sibanye Gold (NYSE:SBGL)
Sibanye Gold Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium projects; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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