Citigroup dropped shares Sibanye Gold (NYSE: SBGL) from the neutral rating to the sales value in a report released Tuesday morning, The Fly reports.
Other research analysts have also recently published research reports about the company. Zacks Investment Research updated Sibanye Gold's sales phase on Tuesday, August 22, a research report. Macquarie cut Sibanye Gold from a neutral rating into a rigorous assessment report on Tuesday 28 August. Finally, ValuEngine was cut from Sibanye Gold sales to a strong sales team in its research report on Wednesday, August 15. Three equity analysts have assessed the stock market with a rating, one has issued a credit rating and one has issued a credit rating for the company. The stock has an average rating of Hold and an average bid target of $ 2.75.
SBGL's trading in shares decreased by $ 0.15 on Wednesday trading on Tuesday and was $ 2.38. The trading volume of the shares was 2,777,614, an average of 4,231,186 shares. Sibanye Gold has a 12 month low of $ 2.02 and a 12-month-old $ 5.66. The company's equity ratio is 1.11, a fast ratio of 1.30 and a current ratio of 1.85.
Several hedge funds have recently changed SBGL's positions. Exor Investments UK LLP increased its stake in Sibanye Gold 33.3% in the second quarter. Exor Investments UK LLP now owns 42,551,190 shares in the stock of a parent material worth USD 102,925,000 after acquiring 10,629,286 shares during the last quarter. Alps Advisors Inc. increased its share of Sibanye Gold shares by 287.9% in the second quarter. Alps Advisors Inc. now holds a total of 3 094 552 basic material shares worth $ 7,489,000 when it acquired 2 296 863 shares during the last quarter. JPMorgan Chase & Co increased its stake in Sibanye Gold by 1,195.1 percent in the third quarter. JPMorgan Chase & Co. now owns 1,717,405 shares of a parent company worth $ 4,276,000 when it acquired 1 584 798 shares during the last quarter. Jane Street Group LLC increased its share of Sibanye Gold shares by 148.9% in the second quarter. Jane Street Group LLC now owns 2 056 714 basic stock company shares worth $ 4,977,000 when it acquired 1,225,330 shares during the last quarter. Finally, Investec Asset Management LTD acquired a new stake in Sibanye Gold in the second quarter worth $ 2,834,000. Institutional investors and hedge funds own 57.06% of the company's stock.
Sibanye Gold Company Profile
Sibanye Gold Limited operates in the precious metal mining industry in South Africa, Zimbabwe and the United States. The company operates through PGM; and Gold and Uranium Departments. It owns and uses gold and platinum group metals (PGM) including platinum, palladium and rhodium business and projects and produces by-products such as iridium, ruthenium, nickel, copper and chromium.
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