Zacks Investment Research Lowers Sibanye Gold (NYSE:SBGL) to Hold

Sibanye Gold (NYSE:SBGL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

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. “

A number of other equities research analysts also recently issued reports on SBGL. ValuEngine downgraded Sibanye Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley downgraded Sibanye Gold from an “overweight” rating to an “equal” rating in a research report on Wednesday, November 6th.

NYSE:SBGL traded down $0.79 during trading hours on Thursday, reaching $10.32. 212,897 shares of the company were exchanged, compared to its average volume of 4,006,198. The company has a market capitalization of $6.31 billion, a P/E ratio of -32.25, a P/E/G ratio of 0.22 and a beta of 0.03. Sibanye Gold has a 1-year low of $2.80 and a 1-year high of $11.27. 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 business has a 50 day moving average of $9.69 and a 200 day moving average of $6.89.

Several hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its holdings in shares of Sibanye Gold by 98.3% in the 2nd quarter. Morgan Stanley now owns 8,288,066 shares of the basic materials company’s stock valued at $39,369,000 after purchasing an additional 4,109,217 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Sibanye Gold by 2,991.4% in the 3rd quarter. Millennium Management LLC now owns 5,078,198 shares of the basic materials company’s stock valued at $27,422,000 after purchasing an additional 4,913,932 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Sibanye Gold by 39.1% in the 2nd quarter. BlackRock Inc. now owns 5,030,203 shares of the basic materials company’s stock valued at $23,893,000 after purchasing an additional 1,413,942 shares in the last quarter. Man Group plc boosted its holdings in shares of Sibanye Gold by 66.2% in the 3rd quarter. Man Group plc now owns 3,937,030 shares of the basic materials company’s stock valued at $21,260,000 after purchasing an additional 1,568,002 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. boosted its holdings in shares of Sibanye Gold by 8.6% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,800,000 shares of the basic materials company’s stock valued at $20,520,000 after purchasing an additional 300,000 shares in the last quarter. 25.35% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Gold Company Profile

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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