Sibanye Gold (SBGL) Trading 5.6% Higher

Sibanye Gold Ltd (NYSE:SBGL)’s share price traded up 5.6% on Thursday . The company traded as high as $2.88 and last traded at $2.84. 2,255,431 shares changed hands during trading, a decline of 38% from the average session volume of 3,637,875 shares. The stock had previously closed at $2.69.

A number of equities analysts have weighed in on the company. Citigroup downgraded Sibanye Gold from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 6th. Zacks Investment Research raised Sibanye Gold from a “sell” rating to a “hold” rating and set a $2.75 price target on the stock in a research report on Friday, November 2nd. ValuEngine raised Sibanye Gold from a “strong sell” rating to a “sell” rating in a research report on Friday, October 12th. Finally, Macquarie downgraded Sibanye Gold from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 28th. 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 stock. The company currently has an average rating of “Hold” and a consensus target price of $2.75.

The stock has a market capitalization of $699.70 million, a price-to-earnings ratio of -70.00 and a beta of -0.24. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.85 and a quick ratio of 1.30.

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of Sibanye Gold by 2,705.1% in the second quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 46,527 shares during the last quarter. Ruffer LLP acquired a new position in shares of Sibanye Gold in the third quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Sibanye Gold by 39.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,268 shares of the basic materials company’s stock valued at $344,000 after purchasing an additional 39,991 shares during the last quarter. Symons Capital Management Inc. grew its position in shares of Sibanye Gold by 77.7% in the third quarter. Symons Capital Management Inc. now owns 163,053 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 71,271 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Sibanye Gold by 239.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 172,054 shares of the basic materials company’s stock valued at $417,000 after purchasing an additional 121,415 shares during the last quarter. 56.07% of the stock is currently owned by institutional investors.

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Sibanye Gold Company Profile (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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