Sibanye Gold Limited (SBGL) Surges to Yearly Low, Is Now Worst Performer

April 16, 2018 - By Marie Mckinney

The stock of Sibanye Gold Limited (NYSE:SBGL) hit a new 52-week low and has $3.47 target or 3.00 % below today’s $3.58 share price. The 6 months bearish chart indicates high risk for the $2.01 billion company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $3.47 price target is reached, the company will be worth $60.36 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.72% or $0.1 during the last trading session, reaching $3.58. About 3.14M shares traded. Sibanye Gold Limited (NYSE:SBGL) has declined 32.74% since April 16, 2017 and is downtrending. It has underperformed by 44.29% the S&P500.

Sibanye Gold Limited (NYSE:SBGL) Ratings Coverage

Among 2 analysts covering Sibanye Gold (NYSE:SBGL), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sibanye Gold had 2 analyst reports since February 23, 2018 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Friday, February 23. The firm has “Buy” rating by Goldman Sachs given on Monday, March 26.

Sibanye Gold Limited operates as a precious metals mining firm in South Africa, Zimbabwe, and the United States. The company has market cap of $2.01 billion. The firm operates through Gold and Platinum divisions. It currently has negative earnings. It owns and operates gold, uranium, and platinum group metals , including platinum, palladium, and rhodium activities and projects, as well as produces by-products, such as iridium, ruthenium, nickel, copper, and chrome.

Sibanye Gold Limited (NYSE:SBGL) Ratings Chart

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