Does Sibanye Gold Limited (SBGL) Have Any Gas After Reaching 1 Year Low?

May 16, 2018 - By Eva Godbolt

The stock of Sibanye Gold Limited (NYSE:SBGL) hit a new 52-week low and has $2.66 target or 7.00 % below today’s $2.87 share price. The 8 months bearish chart indicates high risk for the $1.54B company. The 1-year low was reported on May, 16 by Barchart.com. If the $2.66 price target is reached, the company will be worth $108.01M 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 1.55% or $0.045 during the last trading session, reaching $2.865. About 3.70 million shares traded. Sibanye Gold Limited (NYSE:SBGL) has declined 32.74% since May 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 stock of Sibanye Gold Limited (NYSE:SBGL) has “Buy” rating given on Friday, February 23 by Citigroup. As per Monday, March 26, the company rating was upgraded by Goldman Sachs.

More news for Sibanye Gold Limited (NYSE:SBGL) were recently published by: Gurufocus.com, which released: “Sibanye Gold Falls After South African Reserve Bank Approves Acquisition” on May 16, 2018. Seekingalpha.com‘s article titled: “Sibanye-Lonmin deal to face UK competition probe” and published on May 15, 2018 is yet another important article.

Sibanye Gold Limited operates as a precious metals mining firm in South Africa, Zimbabwe, and the United States. The company has market cap of $1.54 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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