Sibanye Gold Limited (SBGL) Just Reaches 52 Week Low?

July 13, 2018 - By Russell Jones

The stock of Sibanye Gold Limited (NYSE:SBGL) hit a new 52-week low and has $2.09 target or 8.00 % below today’s $2.27 share price. The 7 months bearish chart indicates high risk for the $1.37 billion company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $2.09 price target is reached, the company will be worth $109.68M 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 2.99% or $0.07 during the last trading session, reaching $2.27. About 3.18M shares traded. Sibanye Gold Limited (NYSE:SBGL) has declined 54.06% since July 13, 2017 and is downtrending. It has underperformed by 66.63% the S&P500.

Sibanye Gold Limited (NYSE:SBGL) Ratings Coverage

Among 2 analysts covering Sibanye Gold (NYSE:SBGL), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Sibanye Gold had 3 analyst reports since February 23, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, February 23 by Citigroup. The firm has “Buy” rating given on Monday, March 26 by Goldman Sachs. The firm has “Hold” rating given on Wednesday, June 27 by Citigroup.

More notable recent Sibanye Gold Limited (NYSE:SBGL) news were published by: Globenewswire.com which released: “UPCOMING DEADLINES: The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of QCOM …” on July 11, 2018, also Digitaljournal.com with their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Sibanye …” published on July 13, 2018, Fool.com published: “Here’s Why Sibanye-Stillwater Fell By Double Digits Today” on June 26, 2018. More interesting news about Sibanye Gold Limited (NYSE:SBGL) were released by: Globenewswire.com and their article: “UPCOMING DEADLINES: The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of ANW …” published on July 13, 2018 as well as Globenewswire.com‘s news article titled: “CLASS ACTION UPDATE for SBGL and FLKS: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of …” with publication date: July 12, 2018.

Sibanye Gold Limited operates as a precious metals mining firm in South Africa, Zimbabwe, and the United States. The company has market cap of $1.37 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.

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