Sibanye Gold (SBGL) Cut to “Sell” at Zacks Investment Research


Zacks Investment Research lowered shares of Sibanye Gold (NYSE:SBGL) from a hold rating to a sell rating in a research note released on Wednesday.

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. “


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SBGL has been the topic of several other reports. ValuEngine upgraded Sibanye Gold from a strong sell rating to a sell rating in a research report on Friday, October 12th. Citigroup lowered Sibanye Gold from a neutral rating to a sell rating in a research report on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $2.75.


SBGL opened at $4.30 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.85. Sibanye Gold has a 1 year low of $2.02 and a 1 year high of $4.78.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Sibanye Gold during the 4th quarter worth approximately $41,000. Stevens Capital Management LP bought a new position in Sibanye Gold during the 4th quarter worth approximately $59,000. Creative Planning grew its position in Sibanye Gold by 153.5% during the 4th quarter. Creative Planning now owns 31,308 shares of the basic materials company’s stock worth $89,000 after acquiring an additional 18,960 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Sibanye Gold by 2,705.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 48,247 shares of the basic materials company’s stock worth $116,000 after buying an additional 46,527 shares during the period. Finally, Ruffer LLP purchased a new stake in Sibanye Gold in the 3rd quarter worth approximately $125,000. Institutional investors and hedge funds own 56.05% of the company’s stock.


About Sibanye Gold

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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