ValuEngine upgraded shares of Sibanye Gold Limited (NYSE:SBGL) from a hold rating to a buy rating in a research note published on Monday morning.

Separately, BidaskClub raised shares of Sibanye Gold Limited from a hold rating to a buy rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold.

Sibanye Gold Limited (NYSE SBGL) opened at 4.5784 on Monday. The stock has a 50 day moving average of $5.51 and a 200-day moving average of $6.34. Sibanye Gold Limited has a 52-week low of $4.36 and a 52-week high of $12.63. The firm’s market cap is $2.43 billion.

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

Sibanye Gold Limited Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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