Sibanye Gold (SBGL) Shares Gap Down to $2.56

Sibanye Gold Ltd (NYSE:SBGL)’s share price gapped down before the market opened on Friday . The stock had previously closed at $2.48, but opened at $2.56. Sibanye Gold shares last traded at $2.61, with a volume of 152151 shares traded.

A number of equities analysts have commented on the stock. Macquarie downgraded shares of Sibanye Gold from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 28th. Zacks Investment Research downgraded shares of Sibanye Gold from a “buy” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, ValuEngine downgraded shares of Sibanye Gold from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $2.75.

The company has a current ratio of 1.85, a quick ratio of 1.30 and a debt-to-equity ratio of 1.11.

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in Sibanye Gold by 2,705.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock worth $116,000 after buying an additional 46,527 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Sibanye Gold during the 1st quarter worth $196,000. Barclays PLC grew its stake in shares of Sibanye Gold by 604.9% during 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sibanye Gold by 39.1% during 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 during the period. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Sibanye Gold by 239.8% during 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 during the period. Institutional investors own 57.75% of the company’s stock.

About Sibanye Gold (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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