One company that should be on your radar is Sibanye Gold Limited (SBGL). The stock of this company in Gold Mining industry has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For SBGL’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 39 cents a share a month ago to its current level at 55 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, SBGL has seen some pretty solid trading lately, as the company has moved higher by 42.9% in the past month.
If Sibanye Gold can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put SBGL on your watch list for the future.
Other top-ranked stocks worth considering in this space include AngloGold Ashanti Ltd. (AU), NovaGold Resources Inc. (NG), and Richmont Mines Inc. (RIC). While AngloGold Ashanti holds a Zacks Rank #1 (Strong Buy), NovaGold Resources and Richmont Mines carry a Zacks rank #2 (Buy).
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SIBANYE GOLD LTD (SBGL): Free Stock Analysis Report
ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report
NOVAGOLD RESOURCES INC (NG): Free Stock Analysis Report
RICHMONT MINES INC (RIC): Free Stock Analysis Report
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