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Zacks Investment Research downgraded Sibanye Gold Ltd (ADR) (NYSE:SBGL) to Sell in a report released today.

Yesterday Sibanye Gold Ltd (ADR) (NYSE:SBGL) traded -3.50% lower at $10.91. The company’s 50-day moving average is $14.83 and its 200-day moving average is $15.07. The last stock close price is down -26.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 840,816 shares of the stock were exchanged, down from an average trading volume of 1,326,360

Zacks Investment Research has downgraded Sibanye Gold Ltd (ADR) (NYSE:SBGL) to Sell in a report released on 10/11/2016.

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Sibanye Gold Ltd (ADR) (NYSE:SBGL)

Sibanye Gold Ltd (ADR) has a 52 week low of $4.59 and a 52 week high of $20.97 with a P/E ratio of 41.12 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is $16.75 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms 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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