Sibanye Gold Limited (SBGL) Shares are Up 2.28%

Sibanye Gold Limited (SBGL) : Traders are bullish on Sibanye Gold Limited (SBGL) as it has outperformed the S&P 500 by a margin of 24.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.28% in the last 1 week, and is up 33.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Sibanye Gold Limited (NYSE:SBGL): The stock opened at $17.12 on Friday but the bulls could not build on the opening and the stock topped out at $17.54 for the day. The stock traded down to $17.11 during the day, due to lack of any buying support eventually closed down at $17.47 with a loss of -0.80% for the day. The stock had closed at $17.61 on the previous day. The total traded volume was 1,043,390 shares.


The stock has recorded a 20-day Moving Average of 14.58% and the 50-Day Moving Average is 28.9%. Sibanye Gold Limited is up 21.32% in the last 3-month period. Year-to-Date the stock performance stands at 191.76%.

Sibanye Gold Limited (Sibanye) is a producer of gold in South Africa. The Company owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof operations in the West Witwatersrand region, and the Beatrix operation (Beatrix) in the southern Free State province. In addition to its mining activities, the Group owns and manages extraction and processing facilities at the operations where the gold-bearing ore is treated and processed before it is refined. The Companys three segments include Beatrix, Driefontein and Kloof. The Group has a number of organic projects including the West Rand Tailings Retreatment Project (WRTRP) on the Far West Rand and the Burnstone project on the South Rand of Gauteng province, and the Beisa North, Beisa South, Bloemhoek, De Bron-Merriespruit, Hakkies and Robijn projects in the Free State.

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