Shares of Sibanye Gold Limited (SBGL) Rally 8.51%

Sibanye Gold Limited (SBGL) : Traders are bullish on Sibanye Gold Limited (SBGL) as it has outperformed the S&P 500 by a wide margin of 34.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.51% in the last 1 week, and is up 40.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 22.77% and the 50-Day Moving Average is 29.07%.

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 $16.88 and $16.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.08, notching a gain of 0.35% for the day. The total traded volume was 1,367,019 . The stock had closed at $17.02 on the previous day.


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.

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