Sibanye Gold (NYSE:SBGL) Stock Price Up 1.6%

Shares of Sibanye Gold Ltd (NYSE:SBGL) traded up 1.6% on Monday . The company traded as high as $8.00 and last traded at $8.09, 389,408 shares changed hands during mid-day trading. A decline of 89% from the average session volume of 3,414,197 shares. The stock had previously closed at $7.96.

Several brokerages have issued reports on SBGL. Zacks Investment Research raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Friday, October 25th. ValuEngine cut shares of Sibanye Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley cut shares of Sibanye Gold from an “overweight” rating to an “equal” rating in a research report on Wednesday, November 6th.

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 1.26. The stock’s 50 day simple moving average is $7.32 and its two-hundred day simple moving average is $5.47. The firm has a market capitalization of $4.96 billion, a PE ratio of -27.59, a price-to-earnings-growth ratio of 0.63 and a beta of -0.04.

Hedge funds have recently bought and sold shares of the company. Comerica Bank increased its holdings in Sibanye Gold by 8.1% in the third quarter. Comerica Bank now owns 33,979 shares of the basic materials company’s stock valued at $244,000 after buying an additional 2,557 shares in the last quarter. Vanguard Capital Wealth Advisors increased its position in Sibanye Gold by 2.4% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 173,400 shares of the basic materials company’s stock worth $823,000 after purchasing an additional 4,100 shares in the last quarter. Northern Trust Corp increased its position in Sibanye Gold by 0.4% during the 2nd quarter. Northern Trust Corp now owns 1,006,990 shares of the basic materials company’s stock worth $4,783,000 after purchasing an additional 4,285 shares in the last quarter. CoreCommodity Management LLC increased its position in Sibanye Gold by 53.9% during the 2nd quarter. CoreCommodity Management LLC now owns 17,217 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 6,027 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Sibanye Gold by 22.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 69,065 shares of the basic materials company’s stock valued at $328,000 after purchasing an additional 12,795 shares during the last quarter. Institutional investors and hedge funds own 25.35% of the company’s stock.

Sibanye Gold Company Profile (NYSE:SBGL)

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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