Recent Analysts’ Ratings Changes for Sibanye Gold (SBGL)

A number of research firms have changed their ratings and price targets for Sibanye Gold (NYSE: SBGL):

  • 2/13/2019 – Sibanye Gold was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 2/6/2019 – Sibanye Gold was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 2/4/2019 – Sibanye Gold was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/25/2019 – Sibanye Gold was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 1/10/2019 – Sibanye Gold was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/4/2019 – Sibanye Gold was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

SBGL stock traded down $0.12 on Wednesday, hitting $4.07. 195,950 shares of the company were exchanged, compared to its average volume of 3,785,241. Sibanye Gold Ltd has a twelve month low of $2.02 and a twelve month high of $4.78. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -101.75 and a beta of -0.06.

Several hedge funds have recently added to or reduced their stakes in SBGL. Hsbc Holdings PLC grew its holdings in Sibanye Gold by 16.6% during the fourth quarter. Hsbc Holdings PLC now owns 522,152 shares of the basic materials company’s stock valued at $1,478,000 after purchasing an additional 74,524 shares during the last quarter. Tibra Equities Europe Ltd acquired a new stake in Sibanye Gold during the fourth quarter worth $1,923,000. Raymond James Financial Services Advisors Inc. boosted its stake in Sibanye Gold by 46.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,000 shares of the basic materials company’s stock worth $62,000 after buying an additional 7,000 shares in the last quarter. Raymond James & Associates acquired a new stake in Sibanye Gold during the fourth quarter worth $54,000. Finally, BlackRock Inc. lifted its holdings in shares of Sibanye Gold by 2.9% during the fourth quarter. BlackRock Inc. now owns 3,721,805 shares of the basic materials company’s stock valued at $10,532,000 after acquiring an additional 103,152 shares during the period. 56.20% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Why do company’s buyback their stock?

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