Sibanye Gold Ltd (ADR) (NYSE:SBGL) has been upgraded to Neutral in a report by Citigroup Inc. today.
- Updated: October 12, 2016
Citigroup Inc. has upgraded Sibanye Gold Ltd (ADR) (NYSE:SBGL) to Neutral in a report released on Wednesday October 12, 2016.
Yesterday Sibanye Gold Ltd (ADR) (NYSE:SBGL) traded 3.16% higher at $10.97. Sibanye Gold Ltd (ADR)’s 50-day average is $14.59 and its two hundred day average is $15.04. The last close is down -26.28% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 939,487 shares of Sibanye Gold Ltd (ADR) exchanged hands, down from an avg. volume of 1,326,230
Recent Performance Chart
With a total market value of $0, Sibanye Gold Ltd (ADR) has price-earnings ratio of 41.38 with a one year low of $4.59 and a 52 week high of $20.97 .
Also covering Sibanye Gold Ltd (ADR)'s target, a total of 3 brokers have issued a research note on Sibanye Gold Ltd (ADR). The 12-month price target is $16.75 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 1 firm rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the stock a sell.
About Sibanye Gold Ltd (ADR) (NYSE:SBGL)
Sibanye Gold Limited (Sibanye) is a South Africa-based mining company. The Company owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. Its segments include Driefontein, Kloof, Beatrix, Cooke and Corporate. 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 in the southern Free State province. In addition to its mining activities, Sibanye owns and manages extraction and processing facilities at the operations where the gold-bearing ore is treated. The Company has various organic projects, including the Kloof and Driefontein below infrastructure projects on the West Rand and the Burnstone project on the South Rand of Gauteng province. Sibanye mines, extracts and processes gold ore to produce a product, dore. Sibanye derives uranium ore as a by-product of gold production from the Cooke operation.
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