Could Sibanye Gold Limited (SBGL) Recover After Today’s Huge Decline?

The stock of Sibanye Gold Limited (NYSE:SBGL) is a huge mover today! The stock decreased 3.81% or $0.18 during the last trading session, reaching $4.54. About 8.58M shares traded or 107.61% up from the average. Sibanye Gold Limited (NYSE:SBGL) has risen 97.57% since September 13, 2018 and is uptrending. It has outperformed by 97.57% the S&P500.
The move comes after 8 months negative chart setup for the $3.16B company. It was reported on Sep, 13 by Barchart.com. We have $4.13 PT which if reached, will make NYSE:SBGL worth $283.95M less.

More notable recent Sibanye Gold Limited (NYSE:SBGL) news were published by: Seekingalpha.com which released: “Sibanye-Stillwater: The Issues At Hand – Seeking Alpha” on January 07, 2019, also Seekingalpha.com with their article: “Sibanye-Stillwater: A Rally In PGM Prices Is Not Enough – Seeking Alpha” published on January 28, 2019, Seekingalpha.com published: “Sibanye now the world’s no. 1 platinum miner following M&A spree – Seeking Alpha” on May 30, 2019. More interesting news about Sibanye Gold Limited (NYSE:SBGL) were released by: Finance.Yahoo.com and their article: “Sibanye-Stillwater Announces a Loss for 1st-Half of 2019 – Yahoo Finance” published on August 30, 2019 as well as Seekingalpha.com‘s news article titled: “Sibanye-Stillwater Bond: High-Yield In The Metals Industry Given Balanced Risks – Seeking Alpha” with publication date: March 11, 2019.

Sibanye Gold Limited operates as a precious metals mining firm in South Africa, Zimbabwe, and the United States. The company has market cap of $3.16 billion. The firm operates through Gold and Platinum divisions. It has a 81.07 P/E ratio. 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.