Sibanye Gold (SBGL) Trading Down 0.3%

Sibanye Gold Ltd (NYSE:SBGL) shares were down 0.3% during mid-day trading on Wednesday . The stock traded as low as $2.82 and last traded at $2.85. Approximately 105,695 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 3,730,450 shares. The stock had previously closed at $2.86.

Several research analysts have issued reports on SBGL shares. Goldman Sachs upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating in a research report on Monday, March 26th. ValuEngine lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Citigroup upgraded shares of Sibanye Gold from a “neutral” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of Sibanye Gold from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Sibanye Gold has a consensus rating of “Buy” and a consensus price target of $5.25.

The company has a quick ratio of 1.00, a current ratio of 1.42 and a debt-to-equity ratio of 1.00.

A number of institutional investors have recently bought and sold shares of SBGL. OppenheimerFunds Inc. acquired a new position in Sibanye Gold in the first quarter worth approximately $5,945,000. Arrowstreet Capital Limited Partnership grew its position in Sibanye Gold by 767.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 916,167 shares of the basic materials company’s stock worth $4,627,000 after purchasing an additional 810,567 shares in the last quarter. TSP Capital Management Group LLC grew its position in Sibanye Gold by 189.2% during the 1st quarter. TSP Capital Management Group LLC now owns 1,055,652 shares of the basic materials company’s stock worth $4,050,000 after purchasing an additional 690,602 shares in the last quarter. Jane Street Group LLC grew its position in Sibanye Gold by 362.2% during the 1st quarter. Jane Street Group LLC now owns 826,322 shares of the basic materials company’s stock worth $3,297,000 after purchasing an additional 647,541 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Sibanye Gold during the 1st quarter worth approximately $2,384,000. Hedge funds and other institutional investors own 50.28% of the company’s stock.

About Sibanye Gold

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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