Citigroup lowered the shares in Sibanye Gold (NYSE: SBGL) from a neutral rating to a sales rating in a report published Tuesday morning, reports The Fly.
Other research analysts have also recently issued research reports on the company. Zacks Investment Research upgraded Sibanye Gold from a sales rating to a rating in a research report on Wednesday, August 22. Macquarie cut Sibanye Gold from a neutral rating to an underperforming rating in a research report Tuesday, 28 August. Finally, ValuEngine Sibanye Gold sent from a sales grade to a strong sales rating in a research report Wednesday 15 August. Three equity analysts have rated the share with a sales rating, one has awarded a rating and one has given a purchase price to the company. The stock has an average rating of Hold and an average price target of $ 2.75.
Shares in the SBGL stock market traded to $ 0.15 during the middle of today's trading on Tuesday and amounted to $ 2.38. The stock had a trading volume of 2 777 614 shares, compared to the average volume of 4 231 186. Sibanye Gold has a 12 month low of $ 2.02 and a 12-month high of $ 5.66. The company has a debt ratio of 1.11, a fast ratio of 1.30 and a present value of 1.85.
Several hedge funds have recently made changes in their positions in SBGL. Exor Investments UK LLP increased its position in Sibanye Gold shares by 33.3% in the second quarter. Exor Investments UK LLP now owns 42,531,190 shares in the company's stock portfolio, valued at 102,925,000 dollars after having purchased additional 10,629,286 shares during the last quarter. Alps Advisors Inc. increased its shareholding in Sibanye Gold by 287.9% in the second quarter. Alper Advisors Inc. now owns 3,094,552 shares in the parent company's share valued at $ 7,899,000 after acquisition of another 2,296,863 shares during the last quarter. JPMorgan Chase & Co. increased its share of Sibanye Gold shares by 1,195.1% in the third quarter. JPMorgan Chase & Co. now owns 1,717,405 shares in the stock company's stock market valued at USD 4,426,000 after acquisition of additional 1,584,798 shares during the last quarter. Jane Street Group LLC increased its shareholding in Sibanye Gold by 148.9% in the second quarter. Jane Street Group LLC now owns 2,056,714 shares of the parent company's securities valued at SEK 4,997,000 after acquisition of 1 230 392 shares in the last quarter. Finally, Investec Asset Management LTD acquired a new stake in Sibanye Gold shares in the second quarter, valued at $ 2,834,000. Institutional investors and hedge funds own 57,06% of the company's share.
Sibanye Gold Company Profile
Sibanye Gold Limited acts as a mining company in precious metals in South Africa, Zimbabwe and the United States. The company operates via PGM; and gold and uranium departments. It owns and operates gold and platinum group metals (PGM), including platinum, palladium and rhodium operations and projects, as well as producing by-products such as iridium, ruthenium, nickel, copper and chromium.
Selected article: Composite interest
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