Taking into account all relevant factors, Sibanye Gold Limited (NYSE:SBGL) scores 100% Buy on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for SBGL averaged 100% Buy with an average daily trading volume over the past 20 days at 3874295 shares. Those using medium-term investment strategies, the shares have overall a 1% Buy signal while the 50-day average daily volume remained almost 4309780 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was shares, is signaling100% Buy for long term investors.
The stock is lingering around the initial support level of $8.67. After this, the following support is at the zone of $8.51. Up until the time the SBGL stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 71.94 on the daily chart, and this may be a cause for concern. In case the price goes below $8.51 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $8.94 level may cause a pull-back move approaching $9.04 mark.
Sibanye Gold Limited (SBGL) is most likely going to rise 39.3 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $16.17-month high price target. This represents a whopping 83.13 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $8.49, which means a return possibility of -3.85 percent in comparison with the closing price of the stock of $8.83 on December 03. The lowest price set for the stock is $5.93 — just above -32.84 percent from SBGL share price now.
On December 03, 2019, Sibanye Gold Limited (NYSE:SBGL) shares gained 9.28% or 0.75 points to close at $8.83 with a heavy trading volume of 7.112 million shares. It opened the trading session at $8.64, the shares rose to $8.88 and dropped to $8.615, the range by which the price of stock traded the whole day. The company now has a market cap of $5.76 billion and currently has 652.12 million outstanding shares. Sibanye Gold Limited (SBGL) stock has accumulated 16.49 percent of market value in 21 trading days.
Stock analysts at Morgan Stanley cut their rating on shares of Sibanye Gold Limited (NYSE:SBGL) from Overweight to a new rating of Equal-Weight in their opinion released on November 06. Macquarie analysts have downgraded their rating of SBGL shares from Neutral to Underperform in a separate flash note to investors on August 28. Analysts at Citigroup downgraded the company stock to a Neutral call from its previous Buy stance, in a flash note that dated back to June 27.
SBGL stock’s trailing 3-year beta is -0.03, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.34 share in the trailing 52 weeks. The stock’s value surged 212.01 percent year to date (YTD) compared to a rise of 261.89 percent in 52 week’s period. The firm’s shares are still trading 7.16 percent below its 1-year high of $8.24 and 280.6 percent up from 52-week low of $2.32. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
The industry SBGL deals with has an average P/E of 51.6. Its P/B ratio is standing at 0.8X compared to the 2 industry average. It is additionally sporting a 0.4 on the Price-to-Sales ratio, compared to the industry’s P/S average of 4.2. Sibanye Gold Limited has a 2.1% gross profit margin, with its operating margin around -4.4%. Alongside this, the company’s net profit margin currently stands at -5.7%.