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Can The Uptrend Continue for Sibanye Gold (SBGL)?

Investors certainly have to be happy with Sibanye Gold Limited SBGL and its short term performance. After all, the stock has jumped by 17.1% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for SBGL?

While we can never know for sure, it is pretty encouraging that estimates for SBGL have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #1 (Strong Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
SIBANYE GLD-ADR (SBGL): Free Stock Analysis Report
 
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