Sibanye Gold Limited (NYSE:SBSW - Get Free Report)'s share price hit a new 52-week high during trading on Saturday . The stock traded as high as $9.42 and last traded at $9.10, with a volume of 9032696 shares trading hands. The stock had previously closed at $8.78.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Sibanye Gold from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Sibanye Gold currently has an average rating of "Hold" and an average target price of $4.73.
Check Out Our Latest Stock Analysis on Sibanye Gold
Sibanye Gold Price Performance
The company has a quick ratio of 1.10, a current ratio of 2.32 and a debt-to-equity ratio of 0.86. The firm has a market cap of $6.44 billion, a P/E ratio of 17.50 and a beta of 0.75. The business's 50 day moving average is $6.77 and its two-hundred day moving average is $4.96.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new position in Sibanye Gold during the fourth quarter worth about $25,000. GAMMA Investing LLC boosted its stake in Sibanye Gold by 112.2% in the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company's stock valued at $30,000 after acquiring an additional 2,228 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Sibanye Gold in the fourth quarter valued at about $35,000. Strategic Investment Solutions Inc. IL purchased a new position in Sibanye Gold in the second quarter valued at about $36,000. Finally, Peapack Gladstone Financial Corp purchased a new position in Sibanye Gold in the fourth quarter valued at about $41,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.
Sibanye Gold Company Profile
(
Get Free Report)
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.
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