Sibanye Gold (NYSE:SBGL) Shares Gap Down to $5.15

Sibanye Gold Ltd (NYSE:SBGL) gapped down before the market opened on Monday . The stock had previously closed at $5.31, but opened at $5.15. Sibanye Gold shares last traded at $5.11, with a volume of 3,423,827 shares changing hands.

Several equities analysts have recently weighed in on SBGL shares. Zacks Investment Research upgraded shares of Sibanye Gold from a “sell” rating to a “hold” rating in a report on Friday, May 31st. ValuEngine upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th.

The firm’s fifty day moving average price is $5.02 and its two-hundred day moving average price is $4.29. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -15.97 and a beta of -0.09. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.04 and a quick ratio of 0.68.

Several hedge funds and other institutional investors have recently made changes to their positions in SBGL. Exor Investments UK LLP raised its holdings in shares of Sibanye Gold by 0.5% in the 2nd quarter. Exor Investments UK LLP now owns 45,792,943 shares of the basic materials company’s stock worth $217,516,000 after acquiring an additional 241,000 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Sibanye Gold by 34.4% in the 2nd quarter. Van ECK Associates Corp now owns 29,727,381 shares of the basic materials company’s stock worth $141,205,000 after acquiring an additional 7,606,207 shares during the last quarter. Morgan Stanley raised its holdings in shares of Sibanye Gold by 98.3% in the 2nd quarter. Morgan Stanley now owns 8,288,066 shares of the basic materials company’s stock worth $39,369,000 after acquiring an additional 4,109,217 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Sibanye Gold by 39.1% in the 2nd quarter. BlackRock Inc. now owns 5,030,203 shares of the basic materials company’s stock worth $23,893,000 after acquiring an additional 1,413,942 shares during the last quarter. Finally, Man Group plc raised its holdings in shares of Sibanye Gold by 77.3% in the 2nd quarter. Man Group plc now owns 2,369,028 shares of the basic materials company’s stock worth $11,253,000 after acquiring an additional 1,032,795 shares during the last quarter. Hedge funds and other institutional investors own 22.76% 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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