Tuesday , January 31 2023

Sibanye Gold (SBGL) was lowered to sell to Citigroup


Citigroup, Sibanye Gold (NYSE: SBGL) In the report released Tuesday morning, The Fly reports, from neutral ratings to sales evaluations.

Other research analysts recently published research reports on the company. Zacks Investment Research upgraded Sibanye Gold from sales grade to hold rating on Wednesday, August 22, in its research report. In its research report on Tuesday, August 28, Macquarie canceled Sibanye Gold with a neutral rating and a lower rating. Finally, ValuEngine cut Sibanye Gold from sales to strong sales on Wednesday, August 15th. Three stock analysts rated the stock as a sales grade, one as a holding grade, and one as a purchase grade. The average rating of the stock is Hold and the average price is $ 2.75.

SBGL stocks traded at $ 2.38, down $ 0.15 on Tuesday. The volume of transactions for these stocks is 2,777,614, with an average trading volume of 4,231,186. Sibanye Gold rose to a 12-month low of $ 2.02 and a 12-month high of $ 5.66. The company's debt ratio is 1.11, the fast rate is 1.30 and the current rate is 1.85.

Some hedge funds have recently changed their status in SBGL. Exor Investments UK LLP held a 33.3% stake in Sibanye Gold in the second quarter. Exor Investments UK LLP owns 42,531,190 shares of basic material company worth $ 102,925,000 after purchasing an additional 10,629,286 shares in the last quarter. Alps Advisors Inc. increased its stake in Sibanye Gold by 287.9% during the second quarter. Alps Advisors Inc. currently owns 3,094,552 shares of basic material stock of $ 7,489,000 after acquiring an additional 2,296,863 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Sibanye Gold to 1,195.1% during the third quarter. JP Morgan Chase & Co. owns 1,717,405 shares of basic material stocks for $ 4,276,000 after acquiring an additional 1,584,798 shares during the last quarter. Jane Street Group LLC increased its stake in Sibanye Gold to 148.9% in the second quarter. Jane Street Group LLC currently owns 2,056,714 shares of the underlying materials company for $ 4,977,000 after acquiring an additional 1,230,392 shares during the last quarter. Finally, Investec Asset Management Ltd acquired Sibanye Gold for $ 2,834,000 during the second quarter. Institutional investors and hedge funds own 57.06% of the company's shares.

Sibanye Gold Company

Sibanye Gold Limited operates as a precious metal mining company in South Africa, Zimbabwe and the United States. The company operates through PGM. And gold and uranium sectors. It produces and operates gold, platinum group metal (PGM), platinum, palladium and rhodium operations and projects, as well as by-products such as iridium, ruthenium, nickel, copper and chromium.

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