Analyst Rating Update on Sibanye Gold Limited (SBGL)

Sibanye Gold Limited (NYSE:SBGL) : The consensus on Sibanye Gold Limited (NYSE:SBGL) based on 1 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Sibanye Gold Limited (NYSE:SBGL) : The highest level Sibanye Gold Limited (NYSE:SBGL) is projected to reach is $18 for the short term and the lowest estimate is at $9. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $13.66 and the possibility the share price can swing is $6.61.

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

Sibanye Gold Limited (NYSE:SBGL): On Tuesdays trading session , Opening price of the stock was $12.91 with an intraday high of $13.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.61. However, the stock managed to close at $12.75, a loss of 0.23% for the day. On the previous day, the stock had closed at $12.78. The total traded volume of the day was 1,376,002 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.