Sibanye Gold Limited (NYSE:SBGL) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, October 2nd.

Separately, BidaskClub raised Sibanye Gold Limited from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sibanye Gold Limited currently has an average rating of “Buy” and a consensus price target of $5.25.

Sibanye Gold Limited (SBGL) traded up 1.06% during trading on Monday, reaching $4.78. The company had a trading volume of 3,189,448 shares. The firm’s market capitalization is $2.59 billion. The company’s 50-day moving average is $5.18 and its 200 day moving average is $6.04. Sibanye Gold Limited has a 52 week low of $4.27 and a 52 week high of $12.38.

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Hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its holdings in Sibanye Gold Limited by 3.0% in the 1st quarter. Comerica Bank now owns 13,467 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 398 shares during the last quarter. Freestone Capital Holdings LLC raised its holdings in Sibanye Gold Limited by 30.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 487,714 shares of the basic materials company’s stock valued at $2,258,000 after acquiring an additional 112,917 shares during the last quarter. Thomas White International Ltd. raised its holdings in Sibanye Gold Limited by 21.9% in the 2nd quarter. Thomas White International Ltd. now owns 750,862 shares of the basic materials company’s stock valued at $3,476,000 after acquiring an additional 135,113 shares during the last quarter. Keybank National Association OH acquired a new position in Sibanye Gold Limited in the 1st quarter valued at $112,000. Finally, Ronald Blue & Co. LLC acquired a new position in Sibanye Gold Limited in the 2nd quarter valued at $106,000. 35.75% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Gold Limited Company Profile

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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