Sibanye Gold (NYSE:SBGL) Reaches New 52-Week High at $6.62

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Sibanye Gold Ltd (NYSE:SBGL)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $6.62 and last traded at $6.56, with a volume of 157201 shares trading hands. The stock had previously closed at $6.21.

A number of analysts have recently commented on the company. ValuEngine downgraded Sibanye Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Wednesday, August 28th.

The company has a market cap of $3.66 billion, a PE ratio of -20.50, a P/E/G ratio of 0.75 and a beta of -0.18. The business has a 50-day simple moving average of $5.51 and a 200-day simple moving average of $4.66. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.73.

A number of hedge funds have recently modified their holdings of SBGL. Exor Investments UK LLP raised its holdings in shares of Sibanye Gold by 0.5% during the second quarter. Exor Investments UK LLP now owns 45,792,943 shares of the basic materials company’s stock valued at $217,516,000 after acquiring an additional 241,000 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Sibanye Gold during the second quarter valued at approximately $93,000. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Sibanye Gold by 21.3% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 191,525 shares of the basic materials company’s stock valued at $910,000 after acquiring an additional 33,578 shares during the last quarter. Vanguard Capital Wealth Advisors raised its holdings in shares of Sibanye Gold by 2.4% during the second quarter. Vanguard Capital Wealth Advisors now owns 173,400 shares of the basic materials company’s stock valued at $823,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Sibanye Gold by 28.6% in the second quarter. Wells Fargo & Company MN now owns 633,632 shares of the basic materials company’s stock valued at $3,009,000 after purchasing an additional 140,979 shares during the last quarter. Institutional investors own 24.99% 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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