Sibanye Gold (SBGL) Cut 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 research note issued on Friday.

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. “

Separately, ValuEngine raised shares of Sibanye Gold from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Shares of Sibanye Gold stock opened at $3.95 on Friday. The firm has a market capitalization of $976.86 million, a PE ratio of -98.75 and a beta of -0.18. Sibanye Gold has a 12 month low of $2.02 and a 12 month high of $4.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.68 and a current ratio of 1.04.

Several institutional investors have recently made changes to their positions in SBGL. D. E. Shaw & Co. Inc. increased its holdings in shares of Sibanye Gold by 9,449.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,337,459 shares of the basic materials company’s stock valued at $9,445,000 after acquiring an additional 3,302,508 shares during the period. Millennium Management LLC increased its holdings in shares of Sibanye Gold by 111.8% in the 4th quarter. Millennium Management LLC now owns 4,982,009 shares of the basic materials company’s stock valued at $14,099,000 after acquiring an additional 2,629,855 shares during the period. Morgan Stanley increased its holdings in shares of Sibanye Gold by 115.2% in the 3rd quarter. Morgan Stanley now owns 4,705,353 shares of the basic materials company’s stock valued at $11,716,000 after acquiring an additional 2,519,284 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Sibanye Gold by 1,195.1% in the 3rd 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 period. Finally, Investec Asset Management LTD acquired a new position in shares of Sibanye Gold in the 4th quarter valued at $3,314,000. 56.44% of the stock is currently owned by institutional investors and hedge funds.

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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