Sibanye Gold (NYSE:SBGL) Shares Gap Down to $4.85

Sibanye Gold Ltd (NYSE:SBGL) gapped down before the market opened on Thursday . The stock had previously closed at $4.96, but opened at $4.85. Sibanye Gold shares last traded at $4.80, with a volume of 3,123,490 shares.

A number of equities research analysts have commented on SBGL shares. ValuEngine upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, May 28th. Zacks Investment Research upgraded shares of Sibanye Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th.

The stock has a market cap of $2.70 billion, a P/E ratio of -14.84 and a beta of -0.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.68 and a current ratio of 1.04. The business has a 50 day moving average of $3.87.

Several institutional investors have recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. acquired a new stake in shares of Sibanye Gold in the 1st quarter worth $100,000. Acadian Asset Management LLC acquired a new stake in shares of Sibanye Gold in the 1st quarter worth $2,550,000. Stevens Capital Management LP increased its stake in shares of Sibanye Gold by 38.9% in the 1st 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 last quarter. Vanguard Capital Wealth Advisors acquired a new stake in shares of Sibanye Gold in the 1st quarter worth $700,000. Finally, Creative Planning increased its stake in shares of Sibanye Gold by 62.6% in the 1st quarter. Creative Planning now owns 50,893 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 19,585 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

About Sibanye Gold (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.

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