Sibanye Gold Sees Unusually High Options Volume (NYSE:SBSW)

Sibanye Gold Limited (NYSE:SBSW) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 18,482 call options on the stock. This is an increase of 60% compared to the typical daily volume of 11,561 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SBSW shares. BMO Capital Markets upped their price target on shares of Sibanye Gold from $7.00 to $8.50 and gave the stock a “market perform” rating in a report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.07.

Sibanye Gold Price Performance

SBSW stock opened at $10.67 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. The company has a 50 day simple moving average of $8.74 and a 200 day simple moving average of $6.68. Sibanye Gold has a 1 year low of $3.05 and a 1 year high of $10.97.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. boosted its holdings in shares of Sibanye Gold by 13.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 17,659 shares of the company’s stock valued at $81,000 after acquiring an additional 2,050 shares in the last quarter. GAMMA Investing LLC raised its position in Sibanye Gold by 112.2% in the second quarter. GAMMA Investing LLC now owns 4,213 shares of the company’s stock valued at $30,000 after purchasing an additional 2,228 shares during the last quarter. Comprehensive Money Management Services LLC raised its position in Sibanye Gold by 5.9% in the first quarter. Comprehensive Money Management Services LLC now owns 40,301 shares of the company’s stock valued at $185,000 after purchasing an additional 2,250 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Sibanye Gold by 35.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock valued at $42,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Petra Financial Advisors Inc. grew its holdings in shares of Sibanye Gold by 4.8% during the second quarter. Petra Financial Advisors Inc. now owns 56,445 shares of the company’s stock worth $408,000 after purchasing an additional 2,604 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

About Sibanye Gold

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.