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Fly News Breaks for December 20, 2016
SBGL
Dec 20, 2016 | 06:07 EDT
Deutsche Bank analyst Patrick Mann downgraded Sibanye Gold to Sell from Hold and lowered his price target to ZAR 18 from ZAR 44. The analyst expects a "challenging" 2017 for the company as EBITDA declines. He's more bearish on South American gold manufactures after his firm cut its 2017 gold price estimate by 10% to $1,200/oz.
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