Sibanye Gold Limited (SBGL) Receives Analyst Rating

Sibanye Gold Limited (SBGL) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 1 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, Macquarie upgrades its view on Sibanye Gold Limited (NYSE:SBGL) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underperform. The rating by the firm was issued on July 5, 2016.

Sibanye Gold Limited (NYSE:SBGL): The stock opened in the green at $14.23 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $14.39 and a low of $13.8603 for the day. The stock did not find buyers even at the lows and closed at $14.21 recording a loss of -1.66%. 839,769 shares exchanged hands during the trading day. The stock had closed at $14.45 in the previous days trading.

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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