Sibanye Gold (SBGL) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Sibanye Gold (NYSE:SBGL) from a sell rating to a hold rating in a report released on Saturday morning, Zacks.com reports.

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. “

Separately, ValuEngine raised Sibanye Gold from a sell rating to a hold rating in a report on Monday, February 4th.

Shares of NYSE:SBGL opened at $3.50 on Friday. Sibanye Gold has a 52-week low of $2.02 and a 52-week high of $4.94. The stock has a market capitalization of $851.28 million, a PE ratio of -10.94 and a beta of -0.23. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.04 and a quick ratio of 0.68.

A number of institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in Sibanye Gold by 0.3% during the first quarter. Northern Trust Corp now owns 1,002,705 shares of the basic materials company’s stock worth $4,141,000 after acquiring an additional 3,448 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Sibanye Gold by 10.7% during the first quarter. Parametric Portfolio Associates LLC now owns 56,270 shares of the basic materials company’s stock worth $232,000 after acquiring an additional 5,449 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Sibanye Gold by 46.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,000 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 7,000 shares during the period. Stevens Capital Management LP grew its holdings in Sibanye Gold by 38.9% during the first quarter. Stevens Capital Management LP now owns 28,906 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 8,096 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Sibanye Gold during the fourth quarter worth about $41,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

About Sibanye Gold

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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