Zacks Rating on Sibanye Gold Limited (SBGL)

Sibanye Gold Limited (SBGL) : 1 brokerage houses believe that Sibanye Gold Limited (SBGL) is a Strong Buy at current levels. Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 1 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.


Sibanye Gold Limited has dropped 8.85% in the last five trading days, however, the shares have posted positive gains of 10.29% in the last 4 weeks. Sibanye Gold Limited is up 60.75% in the last 3-month period. Year-to-Date the stock performance stands at 209.8%. Sibanye Gold Limited (NYSE:SBGL): On Tuesdays trading session , Opening price of the stock was $18.79 with an intraday high of $19.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.5. However, the stock managed to close at $18.55, a loss of 2.37% for the day. On the previous day, the stock had closed at $19. The total traded volume of the day was 1,081,153 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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