Sibanye Gold Limited (NYSE:SBGL) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1 by 1 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Macquarie downgrades its rating on Sibanye Gold Limited (NYSE:SBGL).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on March 15, 2016.
Sibanye Gold Limited (NYSE:SBGL): 2 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $13.66 in Sibanye Gold Limited (NYSE:SBGL). However, the stock price could fluctuate by $ 6.61 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $18 price target with the lower price estimate is calculated at $9
Sibanye Gold Limited (NYSE:SBGL) witnessed a decline in the market cap on Tuesday as its shares dropped 4.89% or 0.59 points. After the session commenced at $11.7, the stock reached the higher end at $11.93 while it hit a low of $11.46. With the volume soaring to 1,069,536 shares, the last trade was called at $11.47. The company has a 52-week high of $16.63. The company has a market cap of $2,627 million and there are 229,035,140 shares in outstanding. The 52-week low of the share price is $4.07.
Sibanye Gold Limited has lost 3.61% in the last five trading days and dropped 7.13% in the last 4 weeks. Sibanye Gold Limited has dropped 23.53% during the last 3-month period . Year-to-Date the stock performance stands at 91.56%.
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.