Sibanye Gold Limited (NYSE:SBSW) Sees Large Growth in Short Interest

Sibanye Gold Limited (NYSE:SBSW) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 14,768,712 shares, an increase of 25.5% from the November 30th total of 11,763,256 shares. Based on an average daily volume of 5,030,997 shares, the short-interest ratio is presently 2.9 days. Based on an average daily volume of 5,030,997 shares, the short-interest ratio is presently 2.9 days.

Sibanye Gold Price Performance

Shares of SBSW opened at $14.60 on Wednesday. Sibanye Gold has a one year low of $3.05 and a one year high of $15.82. The business’s 50 day simple moving average is $12.30 and its 200-day simple moving average is $10.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53.

Institutional Trading of Sibanye Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Sibanye Gold by 22.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,147 shares of the company’s stock worth $58,000 after buying an additional 934 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sibanye Gold by 40.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,481 shares of the company’s stock worth $39,000 after acquiring an additional 1,000 shares during the last quarter. MAI Capital Management lifted its position in shares of Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after purchasing an additional 1,169 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Sibanye Gold by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 17,096 shares of the company’s stock valued at $192,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Fermata Advisors LLC grew its stake in shares of Sibanye Gold by 11.8% during the third quarter. Fermata Advisors LLC now owns 13,477 shares of the company’s stock valued at $151,000 after purchasing an additional 1,418 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Wednesday, October 8th. BMO Capital Markets upped their target price on Sibanye Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded shares of Sibanye Gold from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Zacks Research upgraded shares of Sibanye Gold to a “hold” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.90.

Sibanye Gold Company Profile

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.