Sibanye Gold Limited (NYSE:SBGL) has tumbled 3.42% during the past week and has dropped 1.54% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.26%. Sibanye Gold Limited (NYSE:SBGL) has underperformed the index by 2.44% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Sibanye Gold Limited (NYSE:SBGL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.17 and $11.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.16, notching a gain of 1.67% for the day. The total traded volume was 10,272,355 . The stock had closed at $11.96 on the previous day.
The company shares have rallied 91.50% from its 1 Year high price. On Apr 12, 2016, the shares registered one year high at $16.63 and the one year low was seen on Aug 27, 2015. The 50-Day Moving Average price is $12.92 and the 200 Day Moving Average price is recorded at $11.46.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Macquarie downgrades its rating on Sibanye Gold Limited (NYSE:SBGL).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on March 15, 2016. Institutional Investors own 35.41% of Sibanye Gold Limited shares.
Sibanye Gold Limited (Sibanye) is a producer of gold in South Africa. The Company owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof operations in the West Witwatersrand region, and the Beatrix operation (Beatrix) in the southern Free State province. In addition to its mining activities, the Group owns and manages extraction and processing facilities at the operations where the gold-bearing ore is treated and processed before it is refined. The Companys three segments include Beatrix, Driefontein and Kloof. The Group has a number of organic projects including the West Rand Tailings Retreatment Project (WRTRP) on the Far West Rand and the Burnstone project on the South Rand of Gauteng province, and the Beisa North, Beisa South, Bloemhoek, De Bron-Merriespruit, Hakkies and Robijn projects in the Free State.