Why Has RBC Capital Markets Given Sibanye Gold Ltd (JSE:SGL) a $2000.00 Price Target
Expert analysts at RBC Capital Markets has issued a key Sector Perform rating for Sibanye Gold Ltd (JSE:SGL). The firm have commenced coverage coverage in a recent report shared with investors and clients on Tuesday, 1 December. The Estimated Target Price may mean downside of -1.53% from the last stock close.
The stock increased 7.35% or $139 on December 1, striking $2031. Approximately 4.36M shares of stock traded hands or 68.34% up from the average. Sibanye Gold Ltd (JSE:SGL) has risen 1.85% since April 28, 2015 and is uptrending. It has outperformed by 3.47% the S&P500.
Sibanye Gold Limited is a producer of gold in South Africa. The company has a market cap of $18.66 billion. The Firm owns and operates four underground and surface gold operations: the Cooke, Driefontein and Kloof activities in the West Witwatersrand region, and the Beatrix operation (Beatrix) in the southern Free State province. It has 15.53 P/E ratio. In addition to its mining activities, the Group owns and manages extraction and processing facilities at the activities where the gold-bearing ore is treated and processed before it is refined.