Sibanye Gold Limited (NYSE:SBSW) Short Interest Update

Sibanye Gold Limited (NYSE:SBSW) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 14,812,476 shares, a drop of 17.3% from the January 15th total of 17,907,411 shares. Based on an average daily volume of 11,183,491 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 11,183,491 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Sibanye Gold by 32,992.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock worth $46,246,000 after purchasing an additional 6,385,932 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Sibanye Gold during the fourth quarter worth $63,023,000. Deutsche Bank AG acquired a new position in Sibanye Gold during the fourth quarter worth $49,435,000. Arrowstreet Capital Limited Partnership raised its position in Sibanye Gold by 81.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,315,944 shares of the company’s stock worth $104,252,000 after acquiring an additional 3,280,972 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Sibanye Gold by 2,449.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,246,397 shares of the company’s stock valued at $36,490,000 after acquiring an additional 3,119,075 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

Sibanye Gold Trading Down 6.9%

Shares of Sibanye Gold stock traded down $1.19 during trading hours on Tuesday, reaching $16.04. 6,384,260 shares of the company’s stock were exchanged, compared to its average volume of 8,919,308. The company has a 50 day moving average of $16.16 and a two-hundred day moving average of $12.34. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. Sibanye Gold has a fifty-two week low of $3.05 and a fifty-two week high of $21.29.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SBSW. BMO Capital Markets boosted their price objective on Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. HSBC raised shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a research report on Friday, January 23rd. Finally, Zacks Research raised shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sibanye Gold presently has an average rating of “Moderate Buy” and a consensus target price of $16.03.

About Sibanye Gold

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum‐group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.