Sibanye Gold Limited (SBGL) has risen sharply, recording gains of 12.88% in the past 4 weeks. However, the stock has corrected -1.89% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.45% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Sibanye Gold Limited is up 59.68% in the last 3-month period. Year-to-Date the stock performance stands at 229.34%. The stock has recorded a 20-day Moving Average of 1.3% and the 50-Day Moving Average is 20.8%.
Sibanye Gold Limited (NYSE:SBGL): The stock opened at $19.86 on Friday but the bulls could not build on the opening and the stock topped out at $20.09 for the day. The stock traded down to $19.59 during the day, due to lack of any buying support eventually closed down at $19.72 with a loss of -5.06% for the day. The stock had closed at $20.77 on the previous day. The total traded volume was 1,574,461 shares.
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 (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.