The stock of Sibanye Gold Ltd (ADR) (NYSE:SBGL) is a huge mover today! About 524,746 shares traded hands. Sibanye Gold Ltd (ADR) (NYSE:SBGL) has declined 16.44% since March 4, 2016 and is downtrending. It has underperformed by 24.48% the S&P500.
The move comes after 5 months positive chart setup for the $2.47B company. It was reported on Oct, 7 by Barchart.com. We have $17.18 PT which if reached, will make NYSE:SBGL worth $1.26B more.
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 rating was initiated by RBC Capital Markets on Tuesday, December 1 with “Sector Perform”. The stock of Sibanye Gold Ltd (ADR) (NYSE:SBGL) earned “Underperform” rating by Macquarie Research on Tuesday, March 15. The rating was upgraded by Macquarie Research on Friday, July 1 to “Neutral”.
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 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 published the news titled: “Virtual Stock Exchange” on March 07, 2013. Fool.com‘s news article titled: “Why Precious Metals Miners Jumped in July” with publication date: August 09, 2016 was also an interesting one.
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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