Sibanye Gold (NYSE:SBGL) Hits New 52-Week High at $10.54

Sibanye Gold Ltd (NYSE:SBGL) reached a new 52-week high on Thursday . The company traded as high as $10.54 and last traded at $9.98, with a volume of 227130 shares changing hands. The stock had previously closed at $10.20.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered Sibanye Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered Sibanye Gold from an “overweight” rating to an “equal” rating in a research note on Wednesday, November 6th. Finally, Zacks Investment Research raised Sibanye Gold from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Friday, October 25th.

The business has a 50 day moving average price of $9.26 and a two-hundred day moving average price of $6.67. The company has a market cap of $5.79 billion, a P/E ratio of -32.11, a price-to-earnings-growth ratio of 0.20 and a beta of 0.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 1.26.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SBGL. Millennium Management LLC raised its position in Sibanye Gold by 2,991.4% during 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 during the last quarter. Morgan Stanley raised its position 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 worth $39,369,000 after acquiring an additional 4,109,217 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Sibanye Gold in the 3rd quarter worth approximately $12,784,000. Man Group plc raised its position 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 worth $21,260,000 after acquiring an additional 1,568,002 shares in the last quarter. Finally, BlackRock Inc. raised its position 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 worth $23,893,000 after acquiring an additional 1,413,942 shares in the last quarter. 25.35% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Dividend Reinvestment Plan (DRIP)

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