|Bid||4.0000 x 1800|
|Ask||4.1000 x 4000|
|Day's range||3.9800 - 4.1300|
|52-week range||2.0200 - 4.9400|
|Beta (3Y monthly)||-0.02|
|PE ratio (TTM)||71.61|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.96|
South Africa’s largest gold producer Sibanye-Stillwater said that it would raise $130m in a share issue as it seeks to end a months-long strike at critical mines. Sibanye said on Tuesday that it would place stock worth 5 per cent of its existing shares to institutional investors. South Africa’s Association of Mineworkers and Construction Union has led a strike at Sibanye gold mines since November last year, in a call for higher wages.
The Zacks Analyst Blog Highlights: Kirkland Lake Gold, Osisko Gold Royalties and Sibanye Gold
Even though gold prices slipped on a stronger dollar, it will eventually pick up this year. We suggest few promising gold mining stocks to add to your portfolio.
If you're looking for a diversified precious metals play, Sibanye-Stillwater's differentiated portfolio is interesting, but is it worth investing in?
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)AngloGold Ashanti’s rerating potentialSouth African miners (GDXJ) have traditionally traded at discounts to their global counterparts (GDX), primarily due to South
As Positive Catalysts for Gold Emerge, Which Miners May Benefit? South African miners have traditionally traded at a discount to their global counterparts, primarily due to South Africa’s laws, labor concerns, and infrastructure challenges. Among these miners, Sibanye Gold (SBGL) is trading at the highest EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 4.2x—a premium of 23.0% to the peer average.
According to the consensus compiled by Thomson Reuters, Harmony Gold (HMY) has “buy” ratings from only 30% of the analysts covering the stock. While its percentage of “buy” ratings are in the bottom five for gold miners, analysts’ optimism for the stock has improved in the last year. A year ago, HMY stock had only 10% “buy” recommendations.
Among the major gold mining and gold streaming companies, Wheaton Precious Metals (WPM), the world’s largest precious metals streaming company, has received the highest percentage of “buy” recommendations at 100%. That level hasn’t changed much over the past year.
Wheaton has made two streaming deals so far this year. Taken together, they make the stock an increasingly attractive precious metals option.
Rosen Law Firm, a global investor rights law firm, that it filed the first class action lawsuit on behalf of purchasers of the securities of Sibanye Gold Limited (SBGL) from April 7, 2017 through June 26, 2018 (the “Class Period”). The lawsuit seeks to recover damages for Sibanye investors under the federal securities laws. To join the Sibanye class action, go to http://www.rosenlegal.com/cases-1369.html or call Phillip Kim, Esq.