Sibanye Gold Limited (SBGL) Rating Increased to Overweight at Morgan Stanley

Sibanye Gold Limited (NYSE:SBGL) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday.

Several other analysts also recently issued reports on the company. ValuEngine raised Sibanye Gold Limited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub downgraded Sibanye Gold Limited from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Sibanye Gold Limited has a consensus rating of “Hold”.

Sibanye Gold Limited (NYSE:SBGL) opened at 4.63 on Monday. Sibanye Gold Limited has a one year low of $4.27 and a one year high of $12.38. The stock’s market cap is $2.51 billion. The stock’s 50 day moving average price is $5.28 and its 200 day moving average price is $6.09.

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A number of institutional investors and hedge funds have recently modified their holdings of SBGL. Van ECK Associates Corp raised its stake in Sibanye Gold Limited by 217.0% during the 2nd quarter. Van ECK Associates Corp now owns 51,562,596 shares of the basic materials company’s stock valued at $238,735,000 after purchasing an additional 35,298,306 shares during the period. Dimensional Fund Advisors LP raised its stake in Sibanye Gold Limited by 95.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,002,276 shares of the basic materials company’s stock valued at $27,795,000 after purchasing an additional 2,923,704 shares during the period. Wells Fargo & Company MN raised its stake in Sibanye Gold Limited by 145.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,210,607 shares of the basic materials company’s stock valued at $5,605,000 after purchasing an additional 717,013 shares during the period. Tocqueville Asset Management L.P. raised its stake in Sibanye Gold Limited by 74.4% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 984,446 shares of the basic materials company’s stock valued at $4,558,000 after purchasing an additional 420,026 shares during the period. Finally, Airain ltd raised its stake in Sibanye Gold Limited by 2,161.2% during the 2nd quarter. Airain ltd now owns 413,465 shares of the basic materials company’s stock valued at $1,914,000 after purchasing an additional 395,180 shares during the period. 35.75% of the stock is currently 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.

Analyst Recommendations for Sibanye Gold Limited (NYSE:SBGL)

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