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

Sibanye Gold Limited (NYSE:SBSW) saw some unusual options trading on Wednesday. Stock traders bought 23,126 call options on the company. This is an increase of approximately 85% compared to the typical volume of 12,519 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MAI Capital Management lifted its position in Sibanye Gold by 87.8% in 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 during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sibanye Gold in the 4th quarter worth $29,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 2,228 shares during the period. Blue Trust Inc. lifted its holdings in shares of Sibanye Gold by 84.1% in the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock valued at $31,000 after buying an additional 1,002 shares during the period. Finally, Archer Investment Corp bought a new position in Sibanye Gold during the third quarter valued at about $34,000. 34.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Sibanye Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sibanye Gold in a report on Thursday, January 22nd. Hsbc Global Res upgraded shares of Sibanye Gold to a “strong-buy” rating in a research report on Friday, January 23rd. HSBC upgraded Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price target on the stock in a report on Friday, January 23rd. Finally, Wall Street Zen raised Sibanye Gold from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.87.

Sibanye Gold Trading Up 5.2%

NYSE:SBSW opened at $21.11 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.89 and a quick ratio of 1.53. Sibanye Gold has a 1 year low of $3.05 and a 1 year high of $21.19. The business has a fifty day moving average of $14.85 and a 200-day moving average of $11.53.

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.