Sibanye Gold (NYSE:SBGL) Upgraded to “Hold” at Zacks Investment Research
Sibanye Gold (NYSE:SBGL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, September 21st.
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. “
Several other brokerages have also recently issued reports on SBGL. Citigroup cut Sibanye Gold from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 27th. ValuEngine cut Sibanye Gold from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Finally, Macquarie cut Sibanye Gold from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $2.75.
Institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its holdings in Sibanye Gold by 119.5% during the first quarter. Comerica Bank now owns 29,211 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 15,905 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Sibanye Gold by 2,705.1% during the second quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 46,527 shares during the period. CIBC World Markets Inc. bought a new stake in shares of Sibanye Gold in the first quarter valued at $196,000. Barclays PLC raised its stake in shares of Sibanye Gold by 604.9% in the first quarter. Barclays PLC now owns 56,389 shares of the basic materials company’s stock valued at $226,000 after buying an additional 48,389 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sibanye Gold by 39.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,268 shares of the basic materials company’s stock valued at $344,000 after buying an additional 39,991 shares during the period. Institutional investors and hedge funds own 56.24% of the company’s stock.
Sibanye Gold Company Profile
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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