Sibanye Gold Target of Unusually Large Options Trading (NYSE:SBSW)

Sibanye Gold Limited (NYSE:SBSW) was the target of some unusual options trading activity on Tuesday. Investors acquired 22,763 call options on the stock. This represents an increase of 104% compared to the average daily volume of 11,148 call options.

Hedge Funds Weigh In On Sibanye Gold

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Sibanye Gold by 32,992.0% during the second 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 during the period. Arrowstreet Capital Limited Partnership raised its stake in Sibanye Gold by 1,136.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock worth $25,238,000 after acquiring an additional 3,212,833 shares during the period. Assenagon Asset Management S.A. lifted its holdings 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 worth $36,490,000 after acquiring an additional 3,119,075 shares during the last quarter. ABC Arbitrage SA boosted its stake in Sibanye Gold by 260.1% in the third quarter. ABC Arbitrage SA now owns 4,032,812 shares of the company’s stock valued at $45,329,000 after acquiring an additional 2,912,995 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Sibanye Gold by 363.7% during the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company’s stock valued at $14,526,000 after purchasing an additional 2,487,648 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SBSW shares. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Wall Street Zen upgraded Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.90.

Sibanye Gold Trading Up 7.0%

Shares of NYSE SBSW opened at $16.20 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.53 and a current ratio of 2.89. The stock’s 50 day moving average price is $12.70 and its two-hundred day moving average price is $10.41. Sibanye Gold has a 52-week low of $3.05 and a 52-week high of $16.31.

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.