Sibanye Gold (SBGL) Rating Lowered to Sell at Zacks Investment Research

Sibanye Gold (NYSE:SBGL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Sibanye Gold Limited is a gold mining company. It operates two gold mines: the Kloof Driefontein Complex (KDC) and the Beatrix gold mines. Sibanye Gold Limited is based in Houghton, South Africa. “

Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of Sibanye Gold from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Citigroup downgraded shares of Sibanye Gold from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $2.75.

Shares of NYSE:SBGL opened at $3.95 on Wednesday. The company has a market capitalization of $901.71 million, a P/E ratio of -98.75 and a beta of -0.06. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85. Sibanye Gold has a fifty-two week low of $2.02 and a fifty-two week high of $4.78.

Several large investors have recently made changes to their positions in the stock. Exor Investments UK LLP raised its holdings in Sibanye Gold by 0.4% during the 4th quarter. Exor Investments UK LLP now owns 46,150,343 shares of the basic materials company’s stock worth $130,605,000 after buying an additional 180,032 shares during the period. Dimensional Fund Advisors LP raised its holdings in Sibanye Gold by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,567,499 shares of the basic materials company’s stock worth $15,893,000 after buying an additional 252,585 shares during the period. Morgan Stanley raised its holdings in Sibanye Gold by 115.2% during the 3rd quarter. Morgan Stanley now owns 4,705,353 shares of the basic materials company’s stock worth $11,716,000 after buying an additional 2,519,284 shares during the period. BlackRock Inc. raised its holdings in Sibanye Gold by 9.8% during the 3rd quarter. BlackRock Inc. now owns 3,618,653 shares of the basic materials company’s stock worth $9,011,000 after buying an additional 321,510 shares during the period. Finally, Credit Suisse AG raised its holdings in Sibanye Gold by 1.9% during the 3rd quarter. Credit Suisse AG now owns 2,220,034 shares of the basic materials company’s stock worth $5,527,000 after buying an additional 42,035 shares during the period. Institutional investors and hedge funds own 56.05% 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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