Sibanye Gold Limited (SBGL) Cut to “Buy” at BidaskClub

BidaskClub cut shares of Sibanye Gold Limited (NYSE:SBGL) from a strong-buy rating to a buy rating in a research note released on Saturday.

Separately, ValuEngine cut shares of Sibanye Gold Limited from a buy rating to a hold rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $10.00.

Shares of Sibanye Gold Limited (SBGL) opened at 5.67 on Friday. The firm has a 50-day moving average of $5.72 and a 200 day moving average of $6.72. Sibanye Gold Limited has a 52-week low of $4.18 and a 52-week high of $14.98. The firm’s market cap is $3.01 billion.

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Several hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. lifted its holdings in shares of Sibanye Gold Limited by 2,115.1% in the second quarter. U S Global Investors Inc. now owns 132,905 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 126,905 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Sibanye Gold Limited in the second quarter worth about $517,000. Royal Bank of Canada lifted its holdings in shares of Sibanye Gold Limited by 251.3% in the second quarter. Royal Bank of Canada now owns 69,718 shares of the basic materials company’s stock worth $323,000 after acquiring an additional 49,871 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of Sibanye Gold Limited by 306.2% in the second quarter. Balyasny Asset Management LLC now owns 51,067 shares of the basic materials company’s stock worth $236,000 after acquiring an additional 38,496 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sibanye Gold Limited by 95.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,002,276 shares of the basic materials company’s stock worth $27,795,000 after acquiring an additional 2,923,704 shares during the last quarter. 35.75% of the stock is owned by hedge funds and other institutional investors.

About Sibanye Gold Limited

Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products.

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