Citigroup downgraded Sibanye Gold (NYSE: SBGL) shares from a neutral score to a sell-off in a research fiche given to investors on Tuesday, The Fly reports.
Many other research analysts have recently been weighing in the company. Zacks' investment research has handed Sibanye Gold out of a standby sell-out and set a target price of $ 2.75 for the stock at a report Friday, November 2nd. ValuEngine puts Sibanye Gold on a strong sales score on a sales note on a research note Friday, October 12th. Eventually, Macquarie downgraded Sibanye Gold from a neutral score to a lower score on a research note Tuesday, August 28th. Three investor analysts have rated the stock with a sale mark, someone has issued a rating, and two have given a market score to the company. The company has an average Hold rating and an average target price of $ 2.75.
The SBGL stock opened Tuesday at $ 2.53. Sibanye Gold has fifty-two weeks low of $ 2.02 and a fifty-two-week high of $ 5.66. The company has a debt ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85. The stock has a stock value of $ 628.25 million, a price-earnings index of -63.25 and a beta of -0.26.
Some institutional investors and hedge funds have recently modified stock ownership. The Bank of Montreal may increase its stake in Sibanye Gold by 13.2% in the second quarter. Bank of Montreal It can now own 311,873 shares of the $ 755,000 base stock after acquiring an additional 36,380 shares during the period. The Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sibanye Gold by 39.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank currently holds 142,268 shares of the company's $ 344,000 basic stock after an additional 39,991 shares were acquired during the period. Tower Research Capital LLC TRC increased its stake in Sibanye Gold by 2,705.1% in the second quarter. Tower Research Capital LLC TRC today holds 48,247 shares of the $ 116,000 stock of $ 116,000 after acquiring an additional 46,527 shares during the period. Ruffer LLP bought a new share in Sibanye Gold in the third quarter, worth about $ 125,000. Finally, Northern Trust Corp increased its stake in Sibanye Gold by 30.7% in the second quarter. Northern Trust Corp today holds 284,848 shares of the $ 689,000 base-stock company after an additional 66,868 shares were acquired during the period. 57.06% of the share capital currently belongs to institutional investors.
About Sibanye Gold
Sibanye Gold Limited operates as a precious metal mining company in South Africa, Zimbabwe and the United States. The company operates through PGM. and parts of gold and uranium. It has and operates gold and platinum group metals (PGM), including platinum, palladium and rhodium works, as it produces by-products such as iridium, ruthenium, nickel, copper and chromium.
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