Sibanye Gold Limited (SBGL) Downgraded by BidaskClub

BidaskClub cut shares of Sibanye Gold Limited (NYSE:SBGL) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Separately, ValuEngine cut Sibanye Gold Limited from a buy rating to a hold rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $10.00.

Sibanye Gold Limited (SBGL) opened at 5.82 on Friday. The firm’s market capitalization is $3.09 billion. The company has a 50-day moving average price of $5.72 and a 200 day moving average price of $6.71. Sibanye Gold Limited has a 1-year low of $4.43 and a 1-year high of $14.98.

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Large investors have recently made changes to their positions in the stock. Keybank National Association OH purchased a new stake in shares of Sibanye Gold Limited during the first quarter worth $112,000. Comerica Bank raised its holdings in shares of Sibanye Gold Limited by 3.0% during the first quarter. Comerica Bank now owns 13,467 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 398 shares in the last quarter. World Asset Management Inc raised its holdings in shares of Sibanye Gold Limited by 0.8% during the first quarter. World Asset Management Inc now owns 14,292 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 109 shares in the last quarter. ING Groep NV purchased a new stake in shares of Sibanye Gold Limited during the first quarter worth $150,000. Finally, FNY Partners Fund LP purchased a new stake in shares of Sibanye Gold Limited during the first quarter worth $158,000. Institutional investors and hedge funds own 35.75% of the company’s stock.

About Sibanye Gold Limited

Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products.

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