Citigroup cut shares Sibanye Gold (NYSE: SBGL) from a neutral rating to a sales estimate in a report published on Tuesday morning, reports The Fly.
Other research analysts have recently published research reports on the company. Zacks On Wednesday, August 22, the investment survey upgraded Sibanye Gold from a credit rating to the estimated value in the research report. On Tuesday, August 28, Macquarie reduced the value of Sibanye Gold from a neutral rating to a worse credit rating. Lastly, on Wednesday, August 15, ValuEngine excluded Sibanye Gold from its sales estimate to a strong sales estimate in a survey report. Three equity securities analysts rated the stock with a credit rating of sales, one of which awarded a valuation of the asset and one received the company a purchase estimate. In stock, the average Hold score and the average target price are EUR 2.75.
SBGL shares traded on Tuesday with a share of EUR 0.15, reaching 2.38 euros. The stock had a trading volume of 2,777,614 shares, compared with an average volume of 4,231,186. Sibanye Gold has a twelve-month minimum value of $ 2.02 and a 12-month value of 5.66 euros. The company has a ratio of debt to equity to 1.11, a quick ratio of 1.30 to a current ratio of 1.85.
Some hedge funds have recently changed their positions in the SBGL. Exor Investments UK LLP increased its position in the shares of Sibanye Gold in the second quarter by 33.3%. Exor Investments UK LLP now owns 42,531,190 shares of the company's basic material, which amounted to 102,925,000 US dollars, after acquiring an additional 10,629,286 shares in the fourth quarter. Alps Advisors Inc. in the second quarter increased its share in the shares of Sibanye Gold by 287.9%. Alps Advisors Inc. now owns 3,094,552 shares of the company's basic material, which is estimated at $ 7,489,000, after acquiring an additional 2,296,863 shares in the last quarter. JPMorgan Chase & Co increased its share in Sibanye Gold shares by 1.195.1% in the third quarter. JPMorgan Chase & Co. now owns 1,717,405 shares of the company's basic material, which amounted to US $ 4,276,000, after acquiring an additional 1,584,798 shares in the fourth quarter. Jane Street Group LLC increased its stake in Sibanye Gold shares by 148.9% in the second quarter. Jane Street Group LLC now owns 2,056,714 shares of the company's basic material, worth $ 4,977,000, after acquiring an additional 1,230,392 shares in the last quarter. Finally, Investec Asset Management LTD acquired a new share in the shares of Sibanye Gold in the second quarter, worth $ 2,834 thousand. Institutional investors and hedge funds own 57.06% of the company's stock.
Sibanye Gold Company Profile
Sibanye Gold Limited acts as a mining company for precious metals in South Africa, Zimbabwe and the United States. The company operates through PGM; and the division of gold and uranium. Ownership and management of gold and platinum group metals (PGM), including platinum operations and projects, palladium and rhodium, and produces by-products such as iridium, ruthenium, nickel, copper and chromium.
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