Stock On Watch: Could Sibanye Gold Ltd (ADR) See a Reversal After This Very Weak Session?

Stock On Watch: Could Sibanye Gold Ltd (ADR) See a Reversal After This Very Weak Session?

The stock of Sibanye Gold Ltd (ADR) (NYSE:SBGL) is a huge mover today! About 1.10M shares traded hands. Sibanye Gold Ltd (ADR) (NYSE:SBGL) has declined 33.29% since April 14, 2016 and is downtrending. It has underperformed by 37.98% the S&P500.
The move comes after 8 months negative chart setup for the $2.14 billion company. It was reported on Nov, 16 by Barchart.com. We have $8.91 PT which if reached, will make NYSE:SBGL worth $149.80 million less.

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. As per Tuesday, December 1, the company rating was initiated by RBC Capital Markets. The firm has “Neutral” rating by Macquarie Research given on Friday, July 1. Macquarie Research downgraded Sibanye Gold Ltd (ADR) (NYSE:SBGL) on Tuesday, March 15 to “Underperform” rating.

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 news for Sibanye Gold Ltd (ADR) (NYSE:SBGL) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 21, 2013. Marketwatch.com‘s article titled: “/quotes/zigman/3870025/realtime” and published on March 07, 2013 is yet another important article.

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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