Sibanye Gold Ltd (NYSE:SBGL) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.00.
Several equities analysts have issued reports on SBGL shares. Zacks Investment Research upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday, February 17th. HSBC Holdings plc upgraded Sibanye Gold to a “buy” rating in a research report on Saturday, January 21st.
A number of institutional investors have recently added to or reduced their stakes in SBGL. Comerica Bank boosted its position in Sibanye Gold by 14.0% in the fourth quarter. Comerica Bank now owns 13,069 shares of the basic materials company’s stock valued at $105,000 after buying an additional 1,603 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Sibanye Gold by 281.7% in the third quarter. Tower Research Capital LLC TRC now owns 8,451 shares of the basic materials company’s stock valued at $120,000 after buying an additional 6,237 shares during the last quarter. Ellington Management Group LLC acquired a new position in Sibanye Gold during the fourth quarter valued at about $197,000. Dynamic Technology Lab Private Ltd acquired a new position in Sibanye Gold during the fourth quarter valued at about $201,000. Finally, Pacad Investment Ltd. boosted its position in Sibanye Gold by 108.6% in the fourth quarter. Pacad Investment Ltd. now owns 41,100 shares of the basic materials company’s stock valued at $290,000 after buying an additional 21,400 shares during the last quarter. Institutional investors own 15.16% of the company’s stock.
Shares of Sibanye Gold (NYSE:SBGL) traded down 1.21% on Tuesday, hitting $8.99. The stock had a trading volume of 8,412,893 shares. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 7.72 and a beta of -0.04. Sibanye Gold has a 12-month low of $6.16 and a 12-month high of $20.97. The stock has a 50 day moving average price of $8.86 and a 200-day moving average price of $9.11.
The firm also recently announced a semiannual dividend, which was paid on Thursday, April 20th. Shareholders of record on Friday, April 7th were given a dividend of $0.1856 per share. This represents a yield of 4.58%. The ex-dividend date was Wednesday, April 5th.
About Sibanye Gold
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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