|Bid||0.0000 x 1800|
|Ask||0.0000 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|
Gold futures settle at their highest in nearly two weeks on Tuesday, logging a second straight finish above $1,300 as weakness in the U.S. dollar and concerns over global growth provide a runway higher for the precious metal.
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.
Now Sibanye will wind down Driefontein’s operations within 10 years, with plans to cut thousands of jobs as it shuts unprofitable shafts. South Africa’s gold industry employs just over 100,000 people, less than a fifth of the number that used to drive the apartheid economy. With most of the nation’s gold operations unprofitable, more job cuts are inevitable.
HENDERSON, NV / ACCESSWIRE / March 13, 2019 / With most of the headlines focused on Barrick and Newmont, it'd be easy to miss all the big news from smaller gold stocks with high upside. Below are a few ...
The gold industry is a capital-intensive space comprised of companies involved in different steps of the production process, including exploration, development and full-fledged mining. The gold industry has long been viewed as a safe haven in times of geopolitical uncertainty, as gold investments have been used for both portfolio diversification and as a hedge against US currency weakness and high inflation. Gold was one of the first storehouses of value, and is an important mined commodity.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sibanye Gold Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
NEW YORK, NY / ACCESSWIRE / February 21, 2019 / Sibanye-Stillwater (NYSE: SBGL ) will be discussing their earnings results in their 2018 Second Half Earnings to be held on February 21, 2019 at 4:00:00 ...
Moody's Investors Service ("Moody's") has today downgraded Sibanye Gold Limited's (Sibanye-Stillwater) corporate family rating (CFR) to Ba3 from Ba2 and probability of default rating (PDR) to Ba3-PD from Ba2-PD. Concurrently, the ratings on the senior unsecured notes due in 2022 and 2025 issued by Stillwater Mining Company and guaranteed by Sibanye-Stillwater have been downgraded to Ba3 from Ba2. Today's rating action reflects Moody's view of increasing downside risks for Sibanye-Stillwater's credit profile as a result of challenging operating conditions in South Africa and increasing refinancing risks for the company as its ZAR6 billion revolving credit facility (RCF) matures in November 2019.
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
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As […]