Sibanye Gold Ltd (NYSE:SBGL) gapped down prior to trading on Tuesday . The stock had previously closed at $4.94, but opened at $4.82. Sibanye Gold shares last traded at $4.66, with a volume of 4,398,900 shares.
Several equities analysts recently commented on SBGL shares. Zacks Investment Research raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Wednesday, August 28th. ValuEngine cut shares of Sibanye Gold from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th.
The company has a debt-to-equity ratio of 0.73, a current ratio of 1.26 and a quick ratio of 0.57. The stock has a market cap of $2.64 billion, a P/E ratio of -14.56, a PEG ratio of 0.59 and a beta of -0.14. The firm’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $4.43.
Several large investors have recently added to or reduced their stakes in the business. Walleye Trading Advisors LLC bought a new position in shares of Sibanye Gold in the 2nd quarter worth $76,000. CoreCommodity Management LLC grew its position in Sibanye Gold by 53.9% in the second quarter. CoreCommodity Management LLC now owns 17,217 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 6,027 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Sibanye Gold in the second quarter valued at $89,000. Campbell & CO Investment Adviser LLC bought a new position in Sibanye Gold in the second quarter valued at $93,000. Finally, Resources Investment Advisors Inc. purchased a new stake in Sibanye Gold during the first quarter valued at about $100,000. 25.00% of the stock is currently owned by hedge funds and other institutional investors.
About Sibanye Gold (NYSE:SBGL)
Sibanye Gold Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium projects; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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