Sibanye Gold (SBGL) Shares Gap Down to $5.48
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.
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.
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