Breaking: What’s in Sibanye Gold Ltd (ADR) After Today’s Significant Decline?

Breaking: What's in Sibanye Gold Ltd (ADR) After Today's Significant Decline?

The stock of Sibanye Gold Ltd (ADR) (NYSE:SBGL) is a huge mover today! About 1.06 million shares traded hands. Sibanye Gold Ltd (ADR) (NYSE:SBGL) has risen 4.34% since March 1, 2016 and is uptrending. It has underperformed by 4.90% the S&P500.
The move comes after 9 months negative chart setup for the $2.92 billion company. It was reported on Oct, 4 by Barchart.com. We have $12.05 PT which if reached, will make NYSE:SBGL worth $146.00M less.

Sibanye Gold Ltd (ADR) (NYSE:SBGL) Ratings Coverage

Out of 2 analysts covering Sibanye Gold (NYSE:SBGL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Sibanye Gold has been the topic of 3 analyst reports since December 1, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, December 1. On Tuesday, March 15 the stock rating was downgraded by Macquarie Research to “Underperform”. The firm has “Neutral” rating by Macquarie Research given on Friday, July 1.

According to Zacks Investment Research, “Sibanye Gold Limited is a gold mining company. It operates two gold mines: the Kloof Driefontein Complex (KDC) and the Beatrix gold mines. Sibanye Gold Limited is based in Houghton, South Africa.”

More notable recent Sibanye Gold Ltd (ADR) (NYSE:SBGL) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 21, 2013, also Marketwatch.com with their article: “Virtual Stock Exchange” published on March 07, 2013, Benzinga.com published: “15 Stocks Moving In Tuesday’s Pre-Market Session” on October 04, 2016. More interesting news about Sibanye Gold Ltd (ADR) (NYSE:SBGL) were released by: Fool.com and their article: “Why Precious Metals Miners Jumped in July” published on August 09, 2016 as well as Fool.com‘s news article titled: “2 Risky High Dividend Gold Stocks” with publication date: June 11, 2015.

SBGL Company Profile

Sibanye Gold Limited (Sibanye), incorporated on December 12, 2002, is a South Africa mining company. The Firm owns and operates gold and uranium operations, and projects throughout the Witwatersrand Basin. The Company’s divisions include Driefontein, Kloof, Beatrix, Cooke and Corporate. The Firm owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof activities 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 activities where the gold-bearing ore is treated. The Firm 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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