Sibanye Gold Limited (NYSE:SBSW) Short Interest Update

Sibanye Gold Limited (NYSE:SBSW) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 14,812,476 shares, a decrease of 17.3% from the January 15th total of 17,907,411 shares. Based on an average daily volume of 11,183,491 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 11,183,491 shares, the days-to-cover ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Sibanye Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets boosted their price target on Sibanye Gold from $14.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Zacks Research raised Sibanye Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sibanye Gold in a research report on Thursday, January 22nd. Finally, HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 target price on the stock in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.03.

Institutional Investors Weigh In On Sibanye Gold

A number of institutional investors have recently added to or reduced their stakes in SBSW. Foster Group Inc. purchased a new stake in Sibanye Gold during the third quarter worth approximately $1,424,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Sibanye Gold by 1,136.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,495,525 shares of the company’s stock valued at $25,238,000 after acquiring an additional 3,212,833 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Sibanye Gold by 32,992.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,405,288 shares of the company’s stock valued at $46,246,000 after acquiring an additional 6,385,932 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Sibanye Gold by 3,802.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,633 shares of the company’s stock worth $2,862,000 after purchasing an additional 248,108 shares during the period. Finally, American Century Companies Inc. boosted its position in Sibanye Gold by 31.2% during the 2nd quarter. American Century Companies Inc. now owns 1,996,606 shares of the company’s stock worth $14,415,000 after purchasing an additional 474,386 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Gold Trading Down 1.1%

Shares of SBSW stock traded down $0.18 during trading hours on Wednesday, hitting $15.88. 6,591,044 shares of the company were exchanged, compared to its average volume of 8,441,047. The firm has a fifty day moving average of $16.16 and a 200 day moving average of $12.34. The company has a current ratio of 2.89, a quick ratio of 1.53 and a debt-to-equity ratio of 0.96. Sibanye Gold has a 1 year low of $3.05 and a 1 year high of $21.29.

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.