Analyst Rating Update on Sibanye Gold Limited (SBGL)

Sibanye Gold Limited (SBGL) : 2 brokerage houses believe that Sibanye Gold Limited (SBGL) is a Strong Buy at current levels. Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 2 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Sibanye Gold Limited (SBGL) : The most positive equity analysts on Sibanye Gold Limited (SBGL) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $14.77 with an expected fluctuation of $8.19 from the mean.

For the current week, the company shares have a recommendation consensus of Buy.


Sibanye Gold Limited (NYSE:SBGL): The stock opened at $19.79 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.87 for the day. The stock traded down to $19.27 during the day, due to lack of any buying support eventually closed down at $19.47 with a loss of -2.45% for the day. The stock had closed at $19.96 on the previous day. The total traded volume was 897,797 shares.

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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