Sibanye Gold Ltd (NYSE:SBGL) gapped down before the market opened on Tuesday . The stock had previously closed at $5.67, but opened at $5.48. Sibanye Gold shares last traded at $5.39, with a volume of 3106600 shares.

SBGL has been the topic of several analyst reports. ValuEngine raised shares of Sibanye Gold from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Friday, October 13th. BidaskClub raised shares of Sibanye Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Deutsche Bank raised shares of Sibanye Gold from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Morgan Stanley raised shares of Sibanye Gold from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.25.

The company has a debt-to-equity ratio of 0.93, a current ratio of 1.03 and a quick ratio of 0.83. The company has a market cap of $2,890.00, a PE ratio of -20.73 and a beta of -0.13.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBGL. Van ECK Associates Corp boosted its position in shares of Sibanye Gold by 217.0% in the second quarter. Van ECK Associates Corp now owns 51,562,596 shares of the basic materials company’s stock worth $238,735,000 after acquiring an additional 35,298,306 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sibanye Gold 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. Wells Fargo & Company MN boosted its position in shares of Sibanye Gold by 145.3% in the second quarter. Wells Fargo & Company MN now owns 1,210,607 shares of the basic materials company’s stock worth $5,605,000 after acquiring an additional 717,013 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sibanye Gold by 18,003.5% in the third quarter. JPMorgan Chase & Co. now owns 630,365 shares of the basic materials company’s stock worth $2,850,000 after acquiring an additional 626,883 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Sibanye Gold in the second quarter worth approximately $930,000. 36.41% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Sibanye Gold (SBGL) Shares Gap Down to $5.48” was first published by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.watchlistnews.com/sibanye-gold-sbgl-shares-gap-down-to-5-48/1810098.html.

About Sibanye Gold

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.

Receive News & Ratings for Sibanye Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Gold and related companies with MarketBeat.com's FREE daily email newsletter.