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Fly News Breaks for February 23, 2018
SBGL
Feb 23, 2018 | 05:26 EDT
Citi analyst Johann Steyn upgraded Sibanye Gold to Buy while lowering his price target for the shares to R16 from R17.50. The analyst believes the market has become "fashionably bearish" on the shares, and is missing a number of positives, including Sibanye's highly cash-generative U.S. business at spot prices and its more favorable medium-term production profile compared to most of its South American gold peers.
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