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

Sibanye Gold Limited (NYSE:SBSW) saw unusually large options trading activity on Monday. Stock traders purchased 14,379 call options on the stock. This is an increase of approximately 90% compared to the average daily volume of 7,573 call options.

Institutional Investors Weigh In On Sibanye Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBSW. Van ECK Associates Corp boosted its position in Sibanye Gold by 45.3% in the 4th quarter. Van ECK Associates Corp now owns 109,674 shares of the company’s stock valued at $362,000 after buying an additional 34,206 shares during the last quarter. Rhumbline Advisers boosted its holdings in Sibanye Gold by 32.3% in the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after purchasing an additional 3,120 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in Sibanye Gold in the fourth quarter valued at about $166,000. BCGM Wealth Management LLC increased its holdings in Sibanye Gold by 2.8% during the 4th quarter. BCGM Wealth Management LLC now owns 637,654 shares of the company’s stock worth $2,104,000 after purchasing an additional 17,402 shares during the last quarter. Finally, Sprott Inc. acquired a new position in shares of Sibanye Gold in the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Stock Performance

Shares of SBSW traded up $0.11 during mid-day trading on Monday, reaching $7.02. 3,834,976 shares of the stock traded hands, compared to its average volume of 7,856,738. The stock has a fifty day simple moving average of $5.58 and a 200 day simple moving average of $4.40. Sibanye Gold has a 12-month low of $3.05 and a 12-month high of $7.28. The company has a current ratio of 2.32, a quick ratio of 1.10 and a debt-to-equity ratio of 0.86.

Analyst Ratings Changes

A number of equities analysts have recently commented on SBSW shares. Royal Bank Of Canada raised shares of Sibanye Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $4.70 to $5.30 in a research note on Tuesday, March 18th. Wall Street Zen downgraded Sibanye Gold from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.05.

Sibanye Gold Company Profile

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.