Sibanye Gold (NYSE:SBGL) Reaches New 1-Year High at $6.38

Sibanye Gold Ltd (NYSE:SBGL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.38 and last traded at $6.32, with a volume of 110722 shares traded. The stock had previously closed at $6.36.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday, August 28th. ValuEngine downgraded Sibanye Gold from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

The company has a 50-day simple moving average of $5.37 and a two-hundred day simple moving average of $4.60. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.61 billion, a PE ratio of -20.47, a PEG ratio of 0.76 and a beta of -0.18.

Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of Sibanye Gold by 34.4% during the 2nd quarter. Van ECK Associates Corp now owns 29,727,381 shares of the basic materials company’s stock valued at $141,205,000 after buying an additional 7,606,207 shares during the last quarter. Morgan Stanley increased its stake in 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. increased its stake in 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. Invesco Ltd. increased its stake in Sibanye Gold by 828.7% in the 2nd quarter. Invesco Ltd. now owns 1,580,000 shares of the basic materials company’s stock worth $7,505,000 after acquiring an additional 1,409,875 shares during the last quarter. Finally, Man Group plc increased its position in shares of Sibanye Gold by 77.3% during the 2nd quarter. Man Group plc now owns 2,369,028 shares of the basic materials company’s stock valued at $11,253,000 after purchasing an additional 1,032,795 shares during the last quarter. 24.99% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Article: How to Use the New Google Finance Tool

Receive News & Ratings for Sibanye Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Gold and related companies with MarketBeat.com's FREE daily email newsletter.